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Wednesday, March 25, 2020
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UK government fends off criticism with plan to pay self-employed 25 Mar 4:20pm UK government fends off criticism with plan to pay self-employed
Rishi Sunak pressured into measures amid fears coronavirus will trigger unemployment crisis The chancellor, Rishi Sunak, is expected to announce that the taxpayer will pay self-employed workers up to 80% of their recent earnings to help contain the economic impact of coronavirus, as 470,000 extra benefits claims
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Supermarkets use database to prioritise deliveries to elderly 25 Mar 3:28pm Supermarkets use database to prioritise deliveries to elderly
With delivery slots booked weeks in advance, supermarkets are also teaming up with taxi firms
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Bill Ackman claims firm made $2.6bn betting on coronavirus outbreak 25 Mar 3:19pm Bill Ackman claims firm made $2.6bn betting on coronavirus outbreak
Hedge fund manager took advantage of market turmoil to make almost 100 times his outlay
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Banks and business caught out by emergency measures 25 Mar 3:01pm Banks and business caught out by emergency measures
The regulators have urged all action necessary to get coronavirus cash to firms, with a veiled a warning if lenders don’t hurry up Get a bloody move on. That was not, obviously, the wording of the exhortation to banks in
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Western governments told to suspend debt interest amid Covid-19 25 Mar 1:23pm Western governments told to suspend debt interest amid Covid-19
IMF and World Bank asking countries to agree to requests for forbearance
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UK postal workers in plea for limit to non-essential deliveries 25 Mar 1:21pm UK postal workers in plea for limit to non-essential deliveries
Delivery workers rail at amount of junk mail they are being asked to handle during coronavirus crisis Postal workers have called on Royal Mail and e-commerce sites to limit the amount of non-essential items they are being asked to deliver at a time when they are risking their health by turning up to work. Despite the UK government’s closure of non-essential retail outlets, e-commerce companies can continue operating unless they decide to close voluntarily. But for the delivery workers who carry goods to customers in their homes, the responsibility of being a key worker is frequently undermined by the nature of the items being delivered.
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UK construction firms split over coronavirus shutdown 25 Mar 1:11pm UK construction firms split over coronavirus shutdown
Bellway and Barratt among developers to close sites but Berkeley and others stay open
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JD Wetherspoon refuses to pay suppliers until lockdown ends 25 Mar 12:45pm JD Wetherspoon refuses to pay suppliers until lockdown ends
UK pubs chain faces fresh backlash after boss blocks staff pay during coronavirus crisis
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UK pubs and breweries push to be allowed takeaway sales 25 Mar 10:14am UK pubs and breweries push to be allowed takeaway sales
Pressure follows decision to declare off-licences essential during coronavirus lockdown
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Businesses ask for clarity amid confusion over UK lockdown 25 Mar 8:48am Businesses ask for clarity amid confusion over UK lockdown
Many firms unsure whether to stay open, as some employers force staff to keep working
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Airbus and Dyson among firms waiting for UK green light to produce ventilators 25 Mar 7:58am Updated Airbus and Dyson among firms waiting for UK green light to produce ventilators
Airbus and Dyson among the companies ready to join fight against coronavirus
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National living wage increase should be delayed, says IFS 25 Mar 7:36am National living wage increase should be delayed, says IFS
Thinktank feels such a move would prevent workers being laid off in coronavirus crisis Next month’s planned increase in the
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Homeless Travelodge residents turned out on to street 25 Mar 7:05am Updated Homeless Travelodge residents turned out on to street
Families asked to leave hotels due to coronavirus, in apparent defiance of guidance
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Halfords to reopen some stores as firm gives essential service 25 Mar 6:42am Halfords to reopen some stores as firm gives essential service
Car parts and bike retailer seeks balance between trading and safety during coronavirus crisis
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Markets rally as US reaches deal on $2trn Covid-19 stimulus package - business live 25 Mar 5:39am Updated Markets rally as US reaches deal on $2trn Covid-19 stimulus package - business live
Rolling coverage of the latest economic and financial news
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Off-licences added to essential businesses list by UK government 25 Mar 4:59am Off-licences added to essential businesses list by UK government
Other shops that sell alcohol, including within breweries, can stay open during Covid-19 crisis
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Markets rally as US reaches deal on $2trn Covid-19 stimulus deal - business live 25 Mar 3:33am Updated Markets rally as US reaches deal on $2trn Covid-19 stimulus deal - business live
Rolling coverage of the latest economic and financial news
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Why didn’t Hertz give me time to appeal a fine? 25 Mar 3:00am Why didn’t Hertz give me time to appeal a fine?
They had paid an alleged bus lane contravention without notifying me so I can’t take any action
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Amazon and eBay failing to stop Covid-19 profiteers, says Which? 25 Mar 2:01am Amazon and eBay failing to stop Covid-19 profiteers, says Which?
Consumer group finds ‘consistent overpricing’ on hand sanitiser, thermometers and baby formula despite crackdown
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Coronavirus pandemic has delivered the fastest, deepest economic shock in history 25 Mar 2:00am Coronavirus pandemic has delivered the fastest, deepest economic shock in history
The financial crisis and Great Depression took three years to play out, this crisis has taken three weeks. The Greater Depression beckons The shock to the global economy from Covid-19 has been faster and more severe than the 2008 global financial crisisand even the Great Depression. In those two previous episodes, stock markets collapsed by 50% or more, credit markets froze up, massive bankruptcies followed, unemployment rates soared above 10% and GDP contracted at an annualised rate of 10% or more. But all of this took around three years to play out. In the current crisis, similarly dire macroeconomic and financial outcomes have materialised in three weeks. Earlier this month, it took only 15 days for the US stock market to plummet into bear territory (a 20% decline from its peak) – the fastest such decline ever. Now, markets are
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