Tag: plan

Negative interest rates: Bank of England policymaker defends plan

Image copyright Getty Images A Bank of England (BoE) policymaker has defended the potential use of negative interest rates, which could take the cost of borrowing below zero. Silvana Tenreyro told the Sunday Telegraph that evidence from other countries was “encouraging”. On Tuesday, the BoE governor played down the prospect of taking rates below zero, insisting it just needed to… Read more →

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Cardiff’s staggered work hours plan to cut city centre congestion

Image copyright Getty Images Image caption An estimated 100,000 people commuted into Cardiff city centre before coronavirus The working day could be staggered for people working at major employers in Cardiff city centre if “radical steps” to cut congestion get the go ahead. The council is discussing plans with companies for some staff to start earlier or finish later to… Read more →

Scottish Labour unveils plan to ‘transform’ Scottish economy

Image copyright Getty Images Image caption Mr Leonard said the pandemic should be a “turning point” for the country’s economy and environment About 130,000 jobs could be created by transforming Scotland’s economy in the wake of the coronavirus pandemic, according to Scottish Labour’s leader. Richard Leonard said a “Green new deal” was needed to tackle both the economic crisis and… Read more →

Debenhams hires liquidator in contingency plan

Image copyright Getty Images Debenhams has appointed a firm to draw up contingency plans for a possible liquidation of the department store. The company, which is in administration, has hired Hilco Capital, a firm that specialises in winding up struggling retailers. Debenhams said it was “trading strongly” and Hilco’s appointment did not mean a liquidation was likely. Last week Debenhams… Read more →