CBI
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Feb- 2021 -10 FebruaryFeatures
David Berkley QC: Interruption and insurance in the age of Covid
As we emerge from one of the most tumultuous periods in living memory, it perhaps comes as little surprise that insurance has been thrust into the spotlight. The unprecedented impact of the pandemic has brought a renewed focus to the issue of business security and, more specifically, business interruption coverage. …
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Jan- 2021 -26 JanuaryCoronavirus
Unemployment rises 5% to 1.7m
The UK unemployment rate rose by 5% in the three months to November with over 1.7 million people now out of work, according to the latest figures by the Office for National Statistics (ONS). Since February 2020, the number of payroll employees has fallen by 828,000, however, the ONS said larger falls…
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15 JanuaryCoronavirus
Supreme Court sides with small firms in business interruption insurance case
The Supreme Court has delivered its judgment in the Financial Conduct Authority’s (FCA)’s business interruption insurance test case, with the court’s ruling in the favour of small firms potentially forcing insurers to pay out £1.2bn in CBI claims. Following the judgement, thousands of policyholders will now have their claims for…
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May- 2020 -28 MayCoronavirus
Service sector sentiment plunges at ‘record pace’, CBI finds
Business optimism plunged across the service sector in the three months to May, according to the latest quarterly CBI Service Sector Survey. Following an uptick in sentiment over the previous quarter, optimism among business and professional services fell at the fastest pace since the financial crisis, while consumer services saw…
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11 MayCoronavirus
Hospitality industry responds to PM’s conditional plan to ease lockdown
The hospitality industry has reacted to the prime minister’s announcement last night that outlined a ‘conditional’ plan to ease lockdown with stores possibly reopening sometime in July. Last night (10 May), Boris Johnson gave a prospective outline for a series of phased reopenings if certain conditions of a new “Covid…
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Apr- 2020 -28 AprilBusiness Bites
Job support to be wound down, M&S dividend suspended, ventilator production slows, property market halts
Chancellor Rishi Sunack says he will wean the economy off his support schemes in a “gradual” wind-down, to help prevent soaring unemployment on ‘expiration day’. His announcement, made to MPs, came in response to concerns that a definite cut-off date would produce an explosion in redundancies and layoffs. Currently, the…
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