Industry figures revealed 145,377 new cars were sold in June, up from 20,247 in May, when some mothballed factories were reopened. Just 4,321 were sold in April, the first full month of lockdown.
Sunak is expected to propose raising the levy’s threshold so that it would only apply to properties valued at £500,000 or more, instead of the current £125,000.
Industry veteran Amanda Blanc took the reins, as the insurer revealed Tulloch had quit due to a serious family illness. She becomes only the sixth female chief executive in the FTSE100.
Petrol prices rose 4p-a-litre on average in June, partly due to the price of oil strengthening by more than $6 and supermarkets – praised for cutting prices in previous months – ramping up their charges.
Sealers in England were allowed to welcome customers back from 1 June, but business was tough.
Over the weekend a report in the Sunday Times alleged that workers making cheap clothes for Nasty Gal, one of Boohoo’s brands, was paying workers as little as £3.50 an hour.
Ferrari had the shape of the svelte racer trademarked, but the Italian company has lost the right following a legal battle against a bespoke car manufacturer from the same city of Modena.
Chancellor Rishi Sunak is reported to be considering plans to wipe out stamp duty paid on homes bought for less than £500,000 to help boost the economy.
The UK-based chain is looking to ‘reduce headcount across remaining UK shops to reflect lower footfall, rental costs and new safety measures’.
The PMI index surged to 55.3 last month, up from just 28.9 in May and its record low of 8.2 in April. Anything above 50 on the IHS Markit/CIPS measure represents an increase in activity.
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