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Record month for UK supermarkets as Covid brings dinner back home

Post author:Future Utilities
Post published:January 5, 2021
Post category:Business Coronavirus Retail industry Supermarkets UK news
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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...

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

Post author:Future Utilities
Post published:January 5, 2021
Post category:Benefits Business Coronavirus Economic growth (GDP)Economic policy Economics Politics Rishi Sunak Tax and spending UK job furlough scheme UK news
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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…

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

Post author:Future Utilities
Post published:January 5, 2021
Post category:Business Coronavirus Hospitality industry Politics Retail industry Rishi Sunak UK news
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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...