By LONDON (Reuters) - The City of London financial centre, which has resembled a ghost town since the coronavirus swept the world last year, is likely to see most workers return to their offices after the pandemic, the City’s political leader said on Tuesday.Catherine McGuinness, policy chair at the City of London Corporation, told BBC radio she was confident that trade would return for the cafes, pubs, restaurants and other businesses that rely on the usually teeming crowds of office workers.But there would probably be changes to the way people work as a result of the pandemic.“What people...…By LONDON (Reuters) - The City of London financial centre, which has resembled a ghost town since the coronavirus swept the world last year, is likely to see most workers return to their offices after the pandemic, the City’s political leader said on Tuesday.Catherine McGuinness, policy chair at the City of London Corporation, told BBC radio she was confident that trade would return for the cafes, pubs, restaurants and other businesses that rely on the usually teeming crowds of office workers.But there would probably be changes to the way people work as a result of the pandemic.“What people...WW…

By LONDON (Reuters) - Bank of England Governor Andrew Bailey said he was more optimistic about the economy, “with a large dose of caution,” and a recent rise in interest rates in financial markets was consistent with the prospects of recovery from the COVID slump.“We have seen some increase in interest rates over the last month or so, as have other countries. My assessment so far is that that is consistent, I think, with the change in the economic outlook,” Bailey told BBC radio on Monday.Bailey’s comments contrasted with the message from the European Central Bank. The ECB said last week it...…By LONDON (Reuters) - Bank of England Governor Andrew Bailey said he was more optimistic about the economy, “with a large dose of caution,” and a recent rise in interest rates in financial markets was consistent with the prospects of recovery from the COVID slump.“We have seen some increase in interest rates over the last month or so, as have other countries. My assessment so far is that that is consistent, I think, with the change in the economic outlook,” Bailey told BBC radio on Monday.Bailey’s comments contrasted with the message from the European Central Bank. The ECB said last week it...WW…

By , , LONDON (Reuters) - Finance minister Rishi Sunak delivered what he hopes will be a last big spending splurge to get Britain’s economy through the COVID-19 crisis, and announced a corporate tax hike from 2023 as he began to focus on the huge hit to the public finances.Sunak said in an annual budget speech on Wednesday that the economy would return to its pre-pandemic size in mid-2022, six months earlier than previously forecast, helped by Europe’s fastest coronavirus vaccination programme.But lasting economic damage equivalent to 3% of annual output would persist, and 65 billion pounds...…By , , LONDON (Reuters) - Finance minister Rishi Sunak delivered what he hopes will be a last big spending splurge to get Britain’s economy through the COVID-19 crisis, and announced a corporate tax hike from 2023 as he began to focus on the huge hit to the public finances.Sunak said in an annual budget speech on Wednesday that the economy would return to its pre-pandemic size in mid-2022, six months earlier than previously forecast, helped by Europe’s fastest coronavirus vaccination programme.But lasting economic damage equivalent to 3% of annual output would persist, and 65 billion pounds...WW…

By LONDON (Reuters) - British Prime Minister Boris Johnson said there were lots of “teething problems” with the country’s adjustment to life outside the European Union’s single market and business groups warned things might get worse soon.“Of course there are there are teething problems in lots of areas and that’s inevitable because this is a big change,” Johnson said when asked about the problems faced by the fishing sector on a visit to Scotland on Thursday.“But be in no doubt, over the medium term and much more over the long term, the changes are very, very beneficial for Scottish...…By LONDON (Reuters) - British Prime Minister Boris Johnson said there were lots of “teething problems” with the country’s adjustment to life outside the European Union’s single market and business groups warned things might get worse soon.“Of course there are there are teething problems in lots of areas and that’s inevitable because this is a big change,” Johnson said when asked about the problems faced by the fishing sector on a visit to Scotland on Thursday.“But be in no doubt, over the medium term and much more over the long term, the changes are very, very beneficial for Scottish...WW…

Want to discuss? Please read our first.AdvertisementClose XAALONDON, Nov 15 (Reuters) — British Prime Minister is self-isolating after coming into contact with someone who tested positive for , a fresh setback after infighting among his top advisers plunged Downing Street into chaos last week.Johnson, who was admitted to intensive care in a London hospital earlier this year with the novel coronavirus, is well and does not have any symptoms, a spokesman for the prime minister said on Sunday.“He will carry on working from Downing Street, including on leading the government’s response to the...…Want to discuss? Please read our first.AdvertisementClose XAALONDON, Nov 15 (Reuters) — British Prime Minister is self-isolating after coming into contact with someone who tested positive for , a fresh setback after infighting among his top advisers plunged Downing Street into chaos last week.Johnson, who was admitted to intensive care in a London hospital earlier this year with the novel coronavirus, is well and does not have any symptoms, a spokesman for the prime minister said on Sunday.“He will carry on working from Downing Street, including on leading the government’s response to the...WW…

By LONDON (Reuters) - Britain told manufacturers to ramp up the country’s production of ventilators and ordered private hospitals to prepare for an overspill of patients from the public health service as the death toll from coronavirus grew on Saturday.Prime Minister Boris Johnson, who has been criticized for so far not following more draconian steps taken by other European countries, was preparing to ban mass gatherings from next week, a government source said.Health authorities in England announced a further 10 coronavirus deaths, almost doubling since Friday although the toll remains...…By LONDON (Reuters) - Britain told manufacturers to ramp up the country’s production of ventilators and ordered private hospitals to prepare for an overspill of patients from the public health service as the death toll from coronavirus grew on Saturday.Prime Minister Boris Johnson, who has been criticized for so far not following more draconian steps taken by other European countries, was preparing to ban mass gatherings from next week, a government source said.Health authorities in England announced a further 10 coronavirus deaths, almost doubling since Friday although the toll remains...WW…