One in three UK employers expect to make staff redundant between July and September, a survey suggests. The research by the Chartered Institute of Personnel and Development (CIPD) and recruiter Adecco shows a 50% jump in the number of employers expecting to cut jobs compared to three months ago. In the private sector, 38% of […]

Wearing a face covering in shops and supermarkets in England is to become mandatory from 24 July. Those who fail to comply with the new rules will face a fine of up to £100, the government is to announce. The move will bring England into line with Scotland and other major European nations like Spain, […]

On the 9th July 2020 the New Chartist Movement sent a Common Law Formal Notice of Lawful Instruction to every member of the House of Commons Treasury Select Committee: Mel Stride; Anthony Browne; Angela Eagle; Julie Marson; Alison Thewliss; Rushanara Ali; Harriett Baldwin; Felicity Buchan; Mike Hill; Siobhain McDonagh; Steve Baker. The letter was signed by Justin Walker and supported by twenty-two members of the New Chartist […]

Sandwich and coffee chain Pret a Manger is to permanently shut 30 of its stores after footfall was hammered by the coronavirus lockdown. It is understood that at least 1,000 jobs are at risk at the chain as part of the restructuring plan. The company said recent sales have dived by almost three-quarters – 74% […]

Sandwich and coffee chain Pret a Manger is to permanently shut 30 of its stores after footfall was hammered by the coronavirus lockdown. It is understood that at least 1,000 jobs are at risk at the chain as part of the restructuring plan. The company said recent sales have dived by almost three-quarters – 74% […]

New York (CNN Business)Cirque du Soleil, the producer of a number of Las Vegas acrobatic shows, has filed for bankruptcy.In an announcement Monday, the Montreal-based company blamed its bankruptcy on the “immense disruption and forced show closures as a result of the Covid-19 pandemic” and is aiming to restructure its debt with assistance from the Canadian government and private […]

President Trump’s economic COVID-19 response, through massive fiscal and monetary stimuli, was expected to generate a V-shaped recovery ahead of the elections. We noted, all along, there was never a snowball’s chance in hell that economic growth would revert to 2019 levels later this year; nevertheless, the labor market would fully recover. A new report via Yelp, tilted “Local Economic Impact Report,” debunks the V-shaped […]

Before Bitcoin became the newest trend for silicon valley bros, it was a tool for hackers and revolutionaries who wanted to undermine the banking system. In fact, this was the original vision of the cryptocurrency’s mysterious creator Satoshi Nakamoto, and the group of anarchist hackers called “cypherpunks” that developed the technology. It appears that this […]

No planning was done for the enormous economic damage likely to be caused by a pandemic hitting the UK, senior civil servants have admitted. The government modelled the impact on the health service and on local government’s ability to cope, but did no detailed work on companies having to shut down and on staff being laid off, […]