The market research company Kantar estimated in May a fifth of all UK households had signed up to a TV streaming service like Amazon Prime, Netflix or the newly launched Disney+ since lockdown.
Boohoo said it has ditched two suppliers accused of employing staff on slave wages. It pledged to invest an initial £10m to stamp out malpractice and beef up its board with more independent directors.
After unleashing another £30bn jobs package, including unprecedented plans to give everyone in the country vouchers to eat out, Sunak declared he had never been a ‘prisoner of ideology’.
The firm, which allows investors to pool their money and lend it to businesses, had furloughed a ‘small number’ of staff. However, it did say it would cut around 85 jobs in the US.
The Office for National Statistics found that across the UK 46.6 per cent of people with jobs did some work from home in April. Of these people, 86 per cent did so because of the pandemic.
Celsa Steel became the first business to win support last week, securing a £30m loan. And car maker Jaguar Land Rover is reportedly among the other firms which are seeking support.
Firstgroup said its future was in doubt as it was impossible to know how the virus would affect its services. The warning spooked investors, sending shares crashing 23.1 per cent.
Property investor Segro has received around 93 per cent of the £3m rent due in advance for the third quarter of 2020, which runs between July and September.
The government has been lambasted for merging the Department for International Development into the Foreign Office and for a lack of attention to global co-operation in the pandemic.
The Kickstart scheme, designed to prevent huge numbers of young people from becoming stuck in an unemployment rut, is part of a plan which will see another £30bn ploughed into the economy.
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