The Bank of England has cut interest rates to 0.1% – their lowest level ever – as it attempts to deal with the economic fall-out from the coronavirus pandemic. The move is the second emergency cut in just over a week prompted by the outbreak – last week the...
Chancellor Rishi Sunak has unveiled an emergency £330bn package to support businesses during the coronavirus crisis. Mr Sunak, pictured, said the move was equivalent to 15% of the UK’s GDP and added that if demand was greater than the initial £330bn he would go further and provide as much...
More than 500 people working at global accountancy group KPMG’s Bristol office were told to work from home today as the city begins to come to terms with the rapid spread of coronavirus. KPMG’s decision to close the Queen Square office – along with its London headquarters – is...
Paul Hardman, director and head of corporate and commercial at Bristol law firm Gregg Latchams – a member of China Britain Business Council – examines the impact and legal implications of the Covid-19 outbreak on UK businesses. Businesses are well versed in the ups and downs of the economy,...
Bristol’s public transport could come under the control of a new regionally-led Transport for London-style body with far stronger powers to coordinate services and hold operators to account. Chancellor Rishi Sunak announced a £4.2bn boost for regional transport services in this week’s Budget – with the West of England...
The battle of the bats returns to Bristol in May when the city’s third Ping Pong Fight Club takes place – and businesses are being urged to sign up to enter teams for the unique, all-action event. This year the popular table-top challenge moves to the larger venue of...
Two women from the Bristol office of global real estate services provider Colliers International have been selected to take part in a new programme designed for future leaders. Associate directors Amy Brooksbank and Gemma Daly-Gunn are among 13 senior surveyors and associate directors from around the UK who will...
Chancellor Rishi Sunak’s spending commitments on major infrastructure projects received the thumbs up from the region’s industry – but the fact that the West of England was again overlooked in favour of the ‘powerhouses’ of the North and Midlands did not go unnoticed. Tim Davis, head of property agents...
Business West, the region’s largest business organisation, has welcomed Chancellor Rishi Sunak’s response to the coronavirus crisis in his Budget – but warned that its commitment to funding big-scale ‘levelling-up’ infrastructure projects through borrowing could unravel if the economy goes into recession. Managing director Phil Smith, pictured, said a...
The CBI described Rishi Sunak’s first Budget as “bold” in combining the much-needed immediate response to the coronavirus crisis with longer-term measures to boost the economy. Director-general Dame Carolyn Fairbairn, pictured, said the Chancellor had worked against the clock in deeply challenging times to deliver two Budgets in one...
Key points from the 2020 Budget so far . . . Growth forecasts updated to 1.4% for 2020 and 1.6% for 2021 Planned rise in alcohol duties cancelled Fuel duty frozen Government to abolish business rates for small shops this year levy on electricity frozen and increased on gas...
Key points from Chancellor Rishi Sunak’s first Budget . . . Chancellor started speaking at 12:35pm He says public services are well prepared to tackle coronavirus There is likely to be a “significant” impact on the UK economy but it will return to normal There will be a funding...
The Bristol office of global real estate advisory firm CBRE marked this year’s International Women’s Day by celebrating the sports, engineering, social, economic and cultural achievements of women. Speakers at the breakfast seminar, staged at its office, included long distance runner and cancer survivor Nicky Spinks, who has set...
