Government

Covid-19 could cause UK economy to shrink by 35%, says OBR

The UK’s economy could shrink by as much as 35% in the second quarter of 2020 due to the Covid-19…

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Debenhams enters administration

Embattled department store chain Debenhams has officially entered administration, and has appointed Geoff Rowley and Alastair Massey of FRP Advisory…

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AAB calls on government to enhance support for businesses           

Accountancy firm Anderson Anderson and Brown (AAB) has called on the UK Government to implement a series of “wide-reaching” measures…

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Ocado unveils new measures as it apologises for inability to meet demand

Ocado has issued an apology to its customers for being unable to meet the current demand for its deliveries which…

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Laura Ashley administrators axe 268 staff, 1669 furloughed

The joint administrators appointed to Laura Ashley revealed they have made 268 members of staff redundant and have furloughed a…

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Poundland to temporarily close 32 UK stores amid Covid-19 outbreak

Discount retailer Poundland has announced the temporary closure of 32 of its stores amid the Covid-19 virus outbreak, resulting in…

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UK GDP expected to contract by 15% in Q2 2020

The UK economy is about to enter the deepest recession since the financial crisis, including the steepest quarter-on-quarter decline in…

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Government relaxes insolvency rules

The government has announced a set of changes to help improve the insolvency system to enable companies undergoing restructuring to…

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Mike Ashley apologises for ‘ill-judged’ Covid-19 response

Sports Direct CEO Mike Ashley has penned an open letter apologising for the Fraser Group’s response to the Covid-19 lockdown.…

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Schuh closes online operations

Schuh has announced that it has taken the steps to close its website as the coronavirus crisis continues to unfold.…

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