Briton who’s Zoomed to a fortune

It’s become a household name in the lockdown for connecting families and friends over video, hosting Cabinet meetings and even online gym classes.  Now, The Mail on Sunday can reveal that a British software executive is among the bosses at American video-conferencing company Zoom who have made a fortune from the lockdown.  Jonathan Chadwick has … Read more

Bailey tells banks to ‘get on with it’ and issue emergency loans faster to struggling firms

‘Put your back into it!’ Bank of England Governor Bailey tells banks to get emergency loans out to struggling firms Bailey suggested banks were sticking to risk assessments that were too slow   Bailey’s call adds to concerns voiced by Ministers and industry bodies  He also said the OBR’s projection of a 35% decline in GDP … Read more

Mark Carney: Coronavirus shows we value public health over our economy

What we think of as ‘valuable’ is changing amid coronavirus and firms will be judge on how they behaved, says former BoE governor Mark Carney He said companies would be judged by ‘what they did during the war’ This meant how they treated employees, suppliers and customers Writing in The Economist, he said the pandemic … Read more

Insurers told to pay out to firms forced to close by coronavirus

Insurers told to pay out to firms forced to close by coronavirus but thousands are warned they’re not covered FCA urges insurers to act swiftly to pay out on coronavirus-related claims  But the watchdog also warned that most firms aren’t actually covered  It comes as IMF labels coronavirus crash will be the worst hit to … Read more

Shops like Currys, H&M and Topshop have stacks of stock to flog so now is the time to bag a bargain

No one knows what Britain’s High Street will end up looking like once the coronavirus pandemic subsides. Oasis and Warehouse have fallen into the hands of administrators with 2,300 jobs on the line, while the likes of Debenhams and Cath Kidson remain on the brink. Many of Britain’s retailers, and particularly those with bricks-and-mortar based … Read more