Tag Archives: Café (TRBC level 5)

The UK is on a COVID-19 lockdown – how much will it cost? | Instant News


LONDON (Reuters) – Prime Minister Boris Johnson announced the lockdown on Monday night saying the highly contagious variant of the novel coronavirus that was first identified in Britain is spreading so fast that it risks weighing on healthcare.

Britain on Tuesday announced 4.6 billion pounds ($ 6.2 billion) in new lockdown grants to support businesses and protect jobs.

Here’s a quote about the impact.

MINISTER OF FINANCE RISHI SUNAK:

“This new strain of virus presents all of us with a big challenge – and while a vaccine is being rolled out, we need to tighten the restrictions further.

“Throughout the pandemic we have taken swift action to protect lives and livelihoods and today we are announcing a further cash injection to support businesses and jobs through the spring.

“This will help businesses get through the coming months – and most importantly will help keep jobs, so workers can be ready to return when they can reopen.”

UK PM BORIS JOHNSON:

“I want to say to everyone across Great Britain that I know how difficult this is, I know how frustrated you are, I know that you have more than enough government guidance on how to beat this virus. But now, more than ever, we must work together. “

JPMORGAN ANALYSIS ALLAN MONKS:

“The leave scheme is set to run until the end of April, and a further extension is likely as recovery dates have been pushed further. While the ever-increasing size of the fiscal deficit will put pressure on the BoE (Bank of England) to adjust for larger QE purchases – for example, a 50 billion pound increase would appear to be on average on this metric – in November the BoE indicated that they have done more than necessary (+ £ 150 billion) on a risk management basis.

“As those risks are now taking place, it is unclear if they want to do more directly: The BoE has laid out a buying program that is expected to occur by the end of this year, and has indicated that it will only increase its weekly buying pace if there is any sign. – a sign of a new disturbance in the market. “

ADAM MARSHALL, BRITISH CHAMBERS OF COMMERCE

“Although welcomed, the new lockdown provided support from Rishi Sunak and the Ministry of Finance in stages.

“Ministers need to put in place a clear package of support for the whole of 2021 – not just through Spring – to help businesses of all shapes and sizes survive this difficult and uncertain year.”

INSTITUTE OF BOARD OF DIRECTORS

“We are very pleased that the Ministry of Finance has accepted our recommendation to increase local government discretionary grants. This policy has helped reach those who are not yet able to access other support. The government must be ready to increase funds if necessary.

“Chancellors must remain vigilant against the edge of a springy cliff in business support as leave schemes and other support measures weaken. Businesses will also be interested in the government to continue working on its plans for vaccine launches, to support their planning.

“The path of the virus is very uncertain, and the Government must be agile in responding to prevent prolonged economic damage.”

Reporting by Guy Faulconbridge; editing by Michael Holden and Kate Holton

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The UK hospitality industry poses a legal challenge to lockdown restrictions | Instant News


FILE PHOTO: A staff member sweeps the sidewalk in front of a pub after closing time, amidst the coronavirus disease (COVID-19) outbreak, in Manchester, England, 24 September 2020. REUTERS / Molly Darlington

(Reuters) – The UK hotel industry faces legal challenges to government lockdowns aimed at halting its plans to close pubs and other venues to tackle a rise in coronavirus cases.

The Night Time Industry Association (NTIA), a British trade body, told Reuters late Sunday that the industry had taken legal action to prevent the lockdown measures from taking effect.

The hindsight, previously reported by the Financial Times, would argue that there is no evidence to support hotel establishments contributing to the spread of COVID-19.

“The industry has no other choice but to legally challenge the government’s so-called ‘common sense’ approach narrative of imposing further restrictions in Northern England,” NTIA CEO Michael Kill said in an email.

“These new measures will have a disastrous impact on late-night businesses, and be further exacerbated by an inadequate financial support package,” the statement read.

British Prime Minister Boris Johnson will lay out new steps to try to tackle the burgeoning coronavirus crisis on Monday, outlining three new levels of alert to better coordinate the government’s response.

Northern England has been particularly hard hit by a recent spike in coronavirus cases that has forced a local lockdown as students return to schools and universities across the UK.

On Monday, Johnson will hold a government COBRA emergency committee meeting and then address parliament, offering lawmakers a weekend vote on the move.

Reporting by Kanishka Singh and Sucharita Ganguly. Edited by Gerry Doyle

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The UK hospitality trade warns of more than half a million jobs lost | Instant News


LONDON (Reuters) – The UK hospitality trade is likely to lose more than half a million jobs after the government’s leave scheme ends this month, as local lockdowns and reduced opening hours are hurting the sector, an industry representative said on Tuesday.

Kate Nicholls, UK Hospitality chief executive, told the British parliament that the recent restrictions mean she needs to revise the estimated 560,000 permanent job losses – out of the 900,000 workers currently on leave – made by the agency last month after surveying its members.

“We anticipate that figure will be much higher now as a result of local restrictions, national restrictions on events, working from home, curfews etc.,” he told the Finance Committee, which is examining job support measures.

The UK has seen a sharp rise in the number of coronavirus cases. From 24 September pubs and restaurants in the UK have had to close at 10pm, while many parts of the UK have stricter restrictions on socializing.

A government support program that pays up to 80% of staff salaries ends this month, and from November employers will have to return part-time employees and shoulder a much higher share of the bill if they want staff to benefit.

Finance Minister Rishi Sunak said he only wanted to support “decent” jobs from now on, and the Bank of England predicted in August that the unemployment rate would surge to 7.5% by year-end from 4.1% in three months to July.

Nicholls said about half a million of the 3.2 million hospitality workers lost their jobs at the start of the close in March, but only 5% have been laid off since then, because of support from the leave program.

The new scheme will lead to significant new job losses, he warned, adding that many pubs and restaurants are now at risk of bankruptcy.

“Ninety-one percent of our members say that job support schemes … will not be able to help them keep their jobs because of the extra costs and constraints they face,” said Nicholls.

The British Confederation of Industry told the same hearing that Sunak may need to offer more generous job support if the number of coronavirus cases continues to rise.

“We may need to look at the way schemes are designed over the coming weeks, especially if the crisis escalates during the winter months, and we think that for certain sectors … we may need to see additional support,” CBI’s chief economist, Rain Newton-Smith , said.

Reporting by David Milliken, Editing by Estelle Shirbon and Catherine Evans

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