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Hot Off The Wires - 15th December 2020

News


  • The UK government has imposed the toughest Covid-19 restrictions on London as a new variant of the virus takes hold in England, triggering anguish among struggling businesses.

  • As much as £21 billion of taxpayer-backed Covid lending is sitting unused in firms' bank accounts after businesses raced to shore up their finances when the pandemic hit.

  • Pubs and brewers are braced for a 90% wipeout in sales during December as tight government restrictions in the run-up to Christmas devastate the sector.

  • The financial pressure on football is due to increase after the pay-TV rivals Sky and Amazon agreed a truce that undermines the Premier League’s hopes of a bidding war in its forthcoming rights auction.

  • The board of broadband provider TalkTalk is on the brink of backing a £1.8 billion take-private offer by a hedge fund tycoon Martin Hughes, nicknamed "the Rottweiler".


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