Industry supply chain fears deepen; UK borrowing below forecasts; US jobless claims fall – business live | Business

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10.45am EDT10:45

Eurozone consumer confidence drops





10.27am EDT10:27

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at 10.28am EDT





10.08am EDT10:08

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at 10.20am EDT





9.15am EDT09:15





9.01am EDT09:01





8.58am EDT08:58





8.42am EDT08:42

US jobless claims hit pandemic low

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at 8.44am EDT





8.16am EDT08:16

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at 8.31am EDT





7.40am EDT07:40

Shock Turkish rate hike sends lira sliding

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at 8.05am EDT





7.19am EDT07:19

Hospitality trade fears going under if UK imposes new Covid ‘plan B’

Pubs, bars, restaurants and hotels would be driven under if the government imposes “plan B” restrictions to curb the rise in Covid-19 cases, the head of the hospitality trade body has warned, amid concern that the industry cannot survive a second lost Christmas.

Kate Nicholls, the chief executive of UK Hospitality, which represents 730 companies operating 85,000 venues, warned businesses would be driven under by a tightening of restrictions over the key Christmas period.

“For the hospitality sector as a whole, the period between Halloween and New Year’s Eve is when you would earn 40% of your profits,” she said.


“We lost Christmas in its entirely last year, so it’s desperately important for survivability, getting you through the bleak months of January and February when people don’t come out as much.

“A lot of businesses are still fragile. Any knock at this point in time could have an impact on viability. People will just go to the wall. This idea you could shut down or have a restriction for a small period to save Christmas needs knocking on the head. There’s a danger you don’t save Christmas, you cancel it.”

Here’s the full story:





6.41am EDT06:41

CBI: Worries about UK shortages highest since the 1970s

Industry supply chain fears deepen; UK borrowing below forecasts; US jobless claims fall – business live | Business Source link Industry supply chain fears deepen; UK borrowing below forecasts; US jobless claims fall – business live | Business

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