Budget 2021- Sunak’s support for Covid-19 totals £407bn

“Coronavirus has caused the largest and most sustained economic shocks in this country has ever faced,” Sunak said Furlough scheme extended until the end of September along with VAT cut for hardest-hit sectors to boost the hospitality and tourism industries over the summer. The government will maintain its support for the self-employed, with grants handed…

Pontins discrimanted againt Irish names

The Equality and Human Rights Commission (EHRC) investigated Pontins about their working practices after disclosure it had blacklisted several Irish surnames and screen out their booking for its holiday park from Gypsies and Travellers, after being contacted by a whistleblower. Pontins said it had now signed a legally binding agreement with the EHRC to stop…

Corporate America and China

Clyde Prestowitz who worked for President Ronald Regan, and renowned globalisation and Asian expert has advised subsequent US administrations offers useful advice for Joe Biden the new American 46th president to adopt, as resetting US relations with China will be one of his top agenda. The strategies that the United States and its allies can…

Visionary hotelier dies aged 87

Gulshan Bhatia, 87,  a Tanzanian Asian hotel visionary passed away on 29th December 2020,  a self-made millionaire,  with a fortune of over £90m has steadily worked her way up the property ladder with her hotel stretching from Hiltons in London’s Euston and Paddington as well as a hotel in Kensington Hyatt Regency in Birmingham and…

The Third lockdown may cost UK £400million every working day

  The UK Lockdown could hit the borrowing balloon for the 2020/2021 financial year past £450 billion and predicts the latest coronavirus restrictions could cost the country £400 million every working day. Chancellor Rishi Sunak announced a new £4.6 billion plan to help businesses through a new lockdown, including one-off top-up grants up to £9,…

Post-furlough job losses worse among young and ethnic minorities

Resolution Foundation’s latest survey of 6, 000 adults found 19 per cent of 18-24-year-olds who were furloughed during lockdown were unemployed in September. For Black, Asian, and other minority ethnic workers the figure was 22 per cent compared to 9 per cent for the general population. The Treasury said its wage support schemes had helped…

Ritz London targeted by scammers

Ritz Hotel in London have been targeted by scammers posing as hotel staff to steal payment card details. The scammers were extremely convincing when they phoned  with accurate details of their restaurant bookings, asking  them to confirm card details . Thye then tried to spend thousands of pounds at the catalogue retailer Argos. According to Ritz,…

The UK is officially into recession

The UK economy suffered its worst and biggest slump on record between April and June due to coronavirus lockdown measures, shrinking as much as 20.4 per cent compared with the first three months of the year. The UK is officially into recession. Household spending plunged as shops were ordered to close, while factory and construction…