Record month for UK supermarkets as Covid brings dinner back home

Sales of take-home groceries soar with pubs and restaurants forced to close in key trading periodCoronavirus – latest updatesSee all our coronavirus coverageDecember was the biggest month on record for British supermarkets as shoppers spent nearly £12bn stocking up on cheese, fresh fish and pork for a very unusual Christmas.Consumers spent £11.7bn on take-home groceries in the four weeks to 27 December, up from the previous record of just under £11bn in November, according to analysts at Kantar, as many pubs and restaurants were forced to close during the key trading period. Continue reading...

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Rishi Sunak builds bridge to post-Covid UK – but will it stand up?

Many stretched businesses and workers are wondering how they can survive Coronavirus – latest updatesSee all our coronavirus coverageThroughout the pandemic, bridge building has been a favourite metaphor of Rishi Sunak to describe his big-spending economic support packages. Billions of pounds have been spent in furlough wage subsidies, state-backed loans, business grants and tax cuts to carry the British people through the disruption.Now, faced with the fresh resurgence of the virus leading to lockdown 3.0 in England, yet another chasm in economic activity must be crossed. The chancellor knows a final push is needed, this time as the Covid vaccines…

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Rishi Sunak unveils £4.6bn relief package for UK retail and hospitality sectors

Retail, hospitality and leisure sectors to be given one-off grants worth up to £9,000Coronavirus – latest updatesSee all our coronavirus coverageFirms in those sectors of the economy hardest hit by stringent new lockdown measures will receive grants of up to £9,000 in a £4.6bn Treasury package designed to keep them afloat to the spring.The chancellor, Rishi Sunak, said he expected 600,000 business properties in retail, leisure and hospitality to receive financial support from the government through a one-off grant. Continue reading...

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Utilities and banks: UK unveils first round of corporate COP26 sponsors

16 November 2020, source edie newsroom The UK's COP26 secretariat has named utilities SSE and Scottish Power, along with National Grid and NatWest Group, as its first sponsors for the climate conference next year. Many were disappointed with the choice of sponsors for COP25 in Madrid in 2019 Each of the firms has signed a contract to be a ‘Principal Partner’ for the event – a term which represents the highest tier of sponsorship. The UK Government laid out its criteria for sponsorship earlier this year, stating that it would not be signing deals with companies without net-zero targets for 2050 or sooner,…

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