Tag: Covid

‘Long Covid’: the economy is also badly out of puff

Douglas FraserBusiness/economy editor, Scotland Related Topics Scottish Budget image copyrightReuters The forecast contraction in the Scottish economy of 10% is in line with the UK, but worse than most other countries. Paying the bills may continue to weigh on health budgets well beyond this year, say fiscal experts, and we can expect big tax increases by 2025. Scots support higher… Read more →

Covid: Public spending rise could last longer

Image copyright Getty Images The government must choose this autumn between more austerity and permanently higher spending, experts warn. Although the Autumn Budget has been cancelled, the Treasury is still set to publish a Spending Review containing government expenditure plans. Because of Covid-19, public spending is likely to rise to the highest share of national income in more than a… Read more →

Wales lockdown: Businesses affected by Covid offered grants

Image copyright Getty Images Image caption Cafes and bars are particularly feeling the strain of having fewer customers Businesses in Wales will be offered £140m in grants, Economy Minister Ken Skates has said. Nearly two-thirds of Wales’ population will be under lockdown when new restrictions are imposed at 18:00 BST. Neath Port Talbot (NPT), Torfaen and Vale of Glamorgan will… Read more →

Covid: Uncertainty as industries miss out on job support

Image copyright Getty Images Industries hit hard by the coronavirus pandemic are facing further uncertainty after missing out on help in the chancellor’s new emergency jobs scheme. Hospitality, events and retail workers and businesses have expressed concern, as have those on zero-hours contracts. Rishi Sunak said employees must be in “viable” jobs to benefit from the wage top-up scheme. This… Read more →

Climate change and Covid economy ‘must be tackled together’

Image copyright Getty Images Image caption A taskforce is looking at whether projects such as tree planting could offer work and training opportunities Offering young people work on nature projects and converting empty offices into eco-homes are among the ideas being considered by a “green recovery” Welsh Government taskforce. Its boss Sir David Henshaw said it was “absolutely critical” climate… Read more →

Covid: PM considering new restrictions amid second coronavirus wave

Image copyright AFP Boris Johnson will spend the weekend considering whether to tighten Covid-19 measures further, after saying the UK was “now seeing a second wave”. The government is understood to be looking at a ban on households in England mixing, and reducing opening hours for pubs and restaurants. At least 13.5 million people, roughly one-in-five of the UK population,… Read more →

Brexit: Covid debt leaves small business ‘vulnerable’ to no deal

Image copyright Getty Images Businesses in Wales face challenges preparing for a potential no-deal Brexit because of debt taken on to deal with coronavirus, according to leaders. Nine out of 10 members report cashflow problems over the pandemic, says the Federation of Small Businesses Wales. It comes as tensions in the trade talks between the UK and the EU increased… Read more →