Gatwick Airport, sandwich chain Pret a Manger and BMW Mini became the latest to swing the jobs axe last week, meaning around 255,000 roles have been cut or marked for the chop since March.
If home working continues in its current form the economy will not return to its pre-pandemic size until 2025. That would mean £480billion of lost output, or possibly more.
Operators such as Vodafone pay landowners billions in rents every year at thousands of sites – but hoped to reduce these under the Electronic Communications Code, introduced in 2017.
My guess is that when things settle down we will find that we need to get people together in offices for most of the time. For the sake of our cities, let’s hope I am right.
Andrew Davis, customer director at the bank, described a savings rate as just the ‘icing on the cake’ for depositors. His comments are likely to anger millions of savers starved of returns.
Craig Hayman knows better than most how the polite, modest British approach to technology has often caused us to undersell ourselves on the world stage.
As autumn approaches, we must shake off this national somnolence. And we must be under no illusions about the difficulties ahead. The next six to 12 months are going to be tough for businesses.
Industry heavyweights have written to the Transport Secretary Grant Shapps and his US counterpart demanding a testing trial between New York and London by the end of next month.
David Zruia, the new chief executive, said that the FTSE250-listed firm is preparing to move into physical equity trading. Plus500 currently specialises in selling contracts for difference.
City sources said Blackstone, the Wall Street-based giant led by Stephen Schwarzman, is rumoured to be monitoring companies including Land Securities.