Tag: High

Coronavirus: Wrexham’s High Street set for social distancing makeover

Image copyright Thinkstock Image caption Crowded high streets will make way for social distancing measures to help the local economy recover. Wrexham’s High Street could be transformed in a bid to help businesses recover from the economic impact of the coronavirus pandemic. Measures designed to create more space on one of the town’s main streets, have been set out by… Read more →

Will Rishi Sunak cut shop prices to boost the High Street?

Image copyright Reuters “Timely, temporary and targeted” was the advice given to the Treasury Select Committee on stimulating the economy by the former US Treasury Secretary Larry Summers in the depths of the 2008 financial crisis. These words found their way into the pre-Budget documents to describe the immediate 13-month VAT cut from 17.5% to 15% announced by then Chancellor… Read more →

UK borrowing at record high as virus cost soars in April

Image copyright Getty Images Image caption The furlough scheme means the government is paying the wages of more than 6.3 million people The government borrowed £62.1bn in April, the highest monthly figure on record, according to official figures. It underlines the cost of coping with the coronavirus pandemic through jobs schemes and loans, and is double the forecast of many… Read more →