Tag: Government

Government urges post-Brexit drug stockpiles

Image copyright Getty Images The government has urged pharmaceutical firms to have six weeks’ worth of drugs stockpiled, in readiness for the end of the Brexit transition period. In a letter to medical suppliers, the Department of Health and Social Care said there would be no extension to the transition period after 31 December. The DHSC acknowledged that global supply… Read more →

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Aviation and gyms ‘ignored’ by government

Image copyright Getty Images UK airlines have said they are being “ignored” by the government after not being included in a fresh wave of economic stimulus to counter the effects of coronavirus. Industry body Airlines UK warned of further job losses after tens of thousands of job cuts. Gyms also said they were ignored, and retailers called for tax breaks.… Read more →

Coronavirus: Scottish government to announce 2m rule decision

Image copyright Getty Images Image caption There has been speculation that Ms Sturgeon could make the wearing of face masks in shops compulsory Scotland’s first minister is expected to announce whether or not the country will follow England in relaxing its 2m social distancing rule. Nicola Sturgeon is due to receive updated scientific today which will form the basis of… Read more →

Airbus job losses ‘utterly devastating’, says Welsh Government

Image copyright Getty Images Image caption Airbus employs more than 6,000 people at its site in Broughton, Flintshire Plans to cut 1,700 UK Airbus jobs have been described as “utterly devastating” by a Welsh minister. Economy, Transport and North Wales minister, Ken Skates said a “huge number” of workers would be extremely worried by the announcement. The UK losses are… Read more →

Coronavirus: Government under fire for cheap loans to big firms

Image copyright Getty Images Image caption German chemicals company BASF borrowed more than £1bn The government has been criticised for handing out more than £16bn in cheap loans to well-known firms such as John Lewis and Tottenham Hotspur. Of that, £1bn was lent to a German chemicals giant, while the UK’s biggest airlines have borrowed almost £2bn. But senior Labour… Read more →

Coronavirus: What help are self-employed getting from government?

Image copyright Getty Images Image caption Flower market in London: The self-employed have faced a sudden drop in income Employees kept on by struggling businesses during the coronavirus outbreak are having their wages subsidised by the government, but ministers were criticised for not going so far for the self-employed. Chancellor Rishi Sunak has announced measures to support them too, but… Read more →

Coronavirus: UK government draws up plan to rescue key firms

Image copyright Getty Images The UK government has indicated it is prepared to rescue large British companies severely impacted by the coronavirus crisis. The bailout plan, named “Project Birch”, was mentioned by Transport Secretary Grant Shapps in Parliament last week when discussing the future of the aviation industry. The state could also take stakes in companies, reports the Financial Times.… Read more →

Thai Airways saved from the brink by government

Image copyright Getty Images Loss-making Thai Airways has been allowed to restructure its debts to keep its planes in the sky. The struggling airline had previously asked for a government bail-out via a 58.1bn baht ($1.81bn, £1.48bn) loan. Instead, Thai officials told the airline to come up with a restructuring plan to avoid going bankrupt. The global airline industry is… Read more →