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Hot Off The Wires - 1st December 2020

News


  • The government has drawn up a secret dossier detailing the impact of coronavirus on the economy, with a dozen sectors rated “red” and facing significant job cuts and revenue losses.

  • “Mad stampede” to buy houses before the stamp duty holiday ends drove UK mortgage approvals in October to the highest level since 2007, defying surging unemployment and an economic downturn.

  • Shops will be given permission to trade around the clock as the high street tries to recoup some of the losses it has suffered during the pandemic, a UK cabinet minister has said.

  • November was the best month for the FTSE 100 in more than 30 years, although Britain’s leading shares narrowly missed out on recording their biggest gain ever after a subdued finish.

  • Oil prices fell yesterday amid uncertainty over whether the Opec cartel and other producers would agree to continue curbing their output to help to rebalance the market.

  • Arcadia has entered an unusual form of administration that leaves the directors of the retail giant behind Topshop running the business but poses risks for the insolvency experts at Deloitte who are overseeing the process.



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Trivia


What famously loud event took place on 27 August 1883?

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