Cities brace for empty streets as working from home ushers in another bleak winter
“It is another overreaction by the government,” Dardis says. “It’s unnecessary and it will be disastrous for the economy and businesses. By all accounts this latest variant…
Boris Johnson accused of wrecking pubs and restaurants with new Covid rules
Transport companies also suffered amid fears of a sharp fall in commuting, with National Express down 2.5pc and Firstgroup falling 3.8pc. Meanwhile the pound slumped to its…
Covid vaccine passports: Everything you need to know
The Government is pressing ahead with mandatory coronavirus vaccine passports for some events in England as it activates “Plan B” due to the spread of the omicron…
German housing market sets alarm bells ringing in Europe’s biggest economy
Estate agent Rabitz says that prices will stabilise if the goal is achieved but warns it is “a really tough target”. Populist but economically dubious solutions are…
$1bn battle to keep private hospital operator’s assets frozen
NMC is the biggest provider of private healthcare in the UAE but the bank said the defendants’ attempts to move the case to the Middle East were…
New Covid rules threaten recovery as companies ponder their own ‘Plan B’
Allan Monks, an economist at JP Morgan, says the direct impact of the restrictions is likely to be small, but the duration will be crucial. The Government…
Economists like myself got it wrong: inflation is here to stay
The U-turn in both the language and actions of central banks highlights the fact that they remain utterly uncertain about the inflation dynamic and its likely medium-term…
Tesco’s 20m Clubcard members face online advertising onslaught
The chain is also poised to launch Tesco Radio, an in-store broadcaster, in April after a temporary trial featuring ads for its own-brand products. Scan as you…
Rishi Sunak’s tax cut plans wrecked by omicron restrictions, experts warn
Rishi Sunak’s plans for pre-election tax cuts are at risk of being trashed by the return of Covid restrictions, economists have warned. The Chancellor already has extremely…
UK’s biggest rail operator Go-Ahead to suspend shares after ‘serious errors’ in accounts
Louise Haigh, Labour’s shadow transport secretary, said it was “unthinkable” that Go-Ahead’s bosses should retain their bonuses. Analysis of annual reports by The Telegraph indicated that former…
Office culture cannot survive under attack from government flip-flopping
Such reticence is understandable. A recent study from consulting giant McKinsey concluded that about a fifth of the population could work remotely three days a week, though…
Germany’s Siemens abandons HS2 contract battle
Siemens has dropped part of a legal challenge against HS2 over a £2.8bn train building contract as it eyes other lucrative work on the new high-speed line. …
Offices to stay open as bosses challenge Boris Johnson’s home working plea
Major employers have vowed to keep their offices open to staff and continue with face to face meetings as a City backlash mounts against Boris Johnson’s work…