Economics
Covid-hit UK hotels unlikely to recover for four years, says PwC
October 27, 2020PwC says London hotels will be particularly hard hit as they rely on international travel and corporate customers. Photograph: Getty The UK hotel industry could take four years to return to 2019 levels of business, even if an effective vaccine helps the sector to recover from the deep financial hit caused by Covid 19. The […]
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Tale of two Cities: FTSE 100 rises despite economic collapse
August 15, 2020London’s financial centre. Never has the disconnect between financial trading and economic fundamentals appeared so extreme Photograph: James Veysey/Rex/Shutterstock The economic collapse in Britain during the second quarter of 2020 was the most brutal on record. Unemployment is forecast by the Bank of England to soar to 2.5m by Christmas. The Brexit cliff edge approaches. […]
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Labour councils in England hit harder by austerity than Tory areas
June 21, 2020Labour councils have borne the brunt of local government cuts over a decade of austerity, according to an analysis by the Guardian. It highlights for the first time the extent to which poorer, largely Labour-held areas of England had their funding slashed on average by at least a third, while more affluent, largely Conservative areas […]
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