Month: June 2020

UK economy: ‘We are battered, bruised, but wiser after lockdown’

Image copyright Lorne Campbell Businessman Nick Garthwaite sums up trading during the last few months thus: “We took an absolute pasting. May was the bottom, the pits.” It’s a view that must be felt at the thousands of firms surveyed for the latest British Chamber of Commerce’s Quarterly Economic Survey, published on Wednesday. Eleven of the 14 key indicators for… Read more →

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EasyJet plans to close bases and cut staff

Image copyright PA Media EasyJet says it has begun consultations on plans to close bases at Stansted, Southend and Newcastle. It follows an announcement by the airline that it may need to reduce staff numbers by up to a third because of the coronavirus pandemic. The Unite union said nearly 1,300 crew members faced losing their jobs. Pilots’ union Balpa… Read more →

Boris Johnson: Economy speech fact-checked

Image copyright AFP/Getty Images The prime minister has set out how £5bn worth of infrastructure projects would be spent in order for the UK to “bounce back better”. Boris Johnson compared his plan with former US President Franklin Delano Roosevelt’s New Deal. Reality Check has taken a closer look at some of the announcements: ‘New deal’ Boris Johnson said: “It… Read more →

Brexit: Warrenpoint Harbour ‘needs 40,000sq ft facility for goods checks’

Image caption Warrenpoint Port is the second largest port in Northern Ireland Warrenpoint Harbour will require a 40,000sq ft facility for carrying out Brexit-related checks on goods from Great Britain, the area’s MP has said. South Down MP Chris Hazzard said it would include HGV parking and offices. But the harbour’s chief executive David Holmes said it is currently “unclear… Read more →