Airlines, holiday companies ramp up pressure on Britain to ease travel rules
Britain’s airlines and holiday companies are planning a “day of action” on Wednesday to ramp up pressure on the government to ease travel restrictions, with just weeks to go before the start of the peak summer season. Travel companies, whose finances have been stretched to breaking point during the pandemic, Continue Reading
China’s cryptocurrency-mining crackdown spreads to Sichuan
By Samuel Shen and Alun John China’s crackdown on cryptocurrency “mining” has extended to the southwest province of Sichuan, where authorities ordered cryptocurrency mining projects closed in the major mining centre. Cryptomining is big business in China, accounting for more than half of global bitcoin production. But the State Council, Continue Reading
Fitch raises UK outlook on economic resilience to pandemic shock
Rating agency Fitch raised Britain’s outlook to ‘stable’ from ‘negative’ on Friday, saying macroeconomic, labour market and fiscal outturns since the start of 2021 showed the economy was more resilient to the impact of the pandemic shock. “The roll-out of the UK’s coronavirus vaccination programme has been rapid…which could dampen Continue Reading
Britain’s May Retail Sales Unexpectedly Drop As Consumers Flock to Restaurants
The UK’s retail sales unexpectedly dipped month over month in May as consumers forgo shopping to dine in restaurants, although the figures remained above the pre-COVID-19 levels, the Office for National Statistics said Friday. Headline retail sales fell 1.4% in May on a monthly basis, while core retail sales, which Continue Reading
British Economy to Recover to Pre-Pandemic Levels by End of 2021, CBI Says
The UK’s gross domestic product is expected to return to pre-COVID-19 levels by the end of 2021, a year ahead of the original guidance, the Confederation of British Industry said Friday. The CBI expects GDP growth of 8.2% in 2021 and 6.1% in 2022, compared with the previous forecast of Continue Reading
Margarita Delgado: Digital transition in the banking business. Lessons after COVID-19
https://www.bis.org/review/r210617d.pdf
UK extends COVID ban on business evictions until 2022
Britain’s government will extend a ban on evictions for businesses unable to pay their rent due to the coronavirus crisis until March 2022 from a previous expiry date of the end of this month, a junior finance minister said. “Existing measures will remain in place, including extending the current moratorium Continue Reading
Sunak faces £4bn bill to keep ‘triple lock’ pension pledge
Sunak faces £4bn bill to keep ‘triple lock’ pension pledge (msn.com)
TheCityUK conference: No ‘free pass’ for Bitcoin as BoE’s Andrew Bailey vows ‘tough love’ on crypto
TheCityUK conference: No ‘free pass’ for Bitcoin as BoE’s Andrew Bailey vows ‘tough love’ on crypto – CityAM : CityAM
UK and Australia agree ‘comprehensive and ambitious’ free trade deal
Reuters UK and Australia agree ‘comprehensive and ambitious’ free trade deal * UK PM Johnson: Deal is sign of global trade re-opening * Deal cuts all tariffs on UK goods imports into Australia * UK says deal protects British farmers * Agreement likely to yield small boost to UK economy Continue Reading