Dive Brief: Diageo’s Captain Morgan brand has unveiled the Captain Morgan Super Bowl Punch Bowl, the company said in a press release. The punch bowl holds four gallons of liquid and displays the score of the game on the base in real time. The punch bowl is also equipped with […]
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Time for ministers to level with us on ‘levelling up’
But aside from the immediate financial support to weather potentially months of closures, what Liverpool and other proud cities and towns of the UK need – and have every right to expect – is hope, and at least a hint of a longer-term strategy. Almost a year after a crushing […]
Sink or swim time for UK shipbuilders as foreign rivals force them to carve a niche
And there could be a whole new market for similarly challenging ships as the green energy transition fuels demand for vessels with the equipment to install and service offshore wind turbines. In fact, Infrastrata, which also acquired Harland & Wolff last year, is banking on it. Announcing its ownership of […]
Time to start talking about creating jobs as well as protecting them
To do this, we need to slash the cost of employment. Reducing the burden of employers’ National Insurance Contributions is the place to start, whether by boosting the Employment Allowance for small firms, or lifting the threshold for payments. Action on this front can’t wait any longer, directors are already […]
Wealthy upsizers outnumber first-time buyers for first time in five years as Covid restrictions bite
This has not hit house prices because there is so much new demand from homeowners who want to upsize urgently after lockdown. This group is largely immune to these lending constraints: three quarters are over the age of 45 and half are mortgage-free. Richard Donnell, of Zoopla, said the new […]
Rishi Sunak faces a race against time to avoid furlough redundancies
Furlough dilemma as new-look economy emerges “The Government is going to need to do something to support wages in the most disrupted sectors,” says Tony Wilson, head of the Institute for Employment Studies. “But they are on the horns of a dilemma here because a lot of what is happening […]
Goldman Sachs tells bankers it’s time to come back to the office on a rota
Goldman Sachs has told its global workforce that it is time to come back to the office on a part-time basis as it kicks off the next stage of its returning to work plan. In a memo sent by chief executive David Solomon, staff have been told that the bank has moved […]
It’s time for Melrose’s turnaround wizards to show their magic
Turnover across the group plunged by more than a quarter to £4.1bn with sales expected to crater by a third at GKN’s aerospace arm by the end of the year, having already fallen by that much at its automotive and materials units. Justin Dowley, the chairman, isn’t wrong when he […]
Now is the worst time for Sunak to tax wealth creation
Remember this as well. People react to change. Faced with a big rise in tax bills, and after a six month lesson in running virtually, plenty of businesses might decide that Ireland (12.5pc company taxes), or Hungary (9pc) or the Bahamas (0pc) are just as good a base. Higher corporate taxes […]
It’s time to recognise the debt we owe to blighted Covid generation
This needs to go beyond targeted initiatives to prevent mass youth unemployment. Rishi Sunak’s Kickstart Scheme, which will pay the wages of newly hired under-25s for six months, is a good start – but it’s not enough. The economic cost will not just be borne by those struggling to find […]