Hot Off The Wires - 21 February 2020
Global stock markets have fallen after signs that the spread of coronavirus outside China was accelerating; the FTSE 100 fell by 0.27% yesterday, while the Dow Jones industrial average closed 0.4% lower.
Shoppers headed back to the high street last month to drive up retail sales by 0.9%. The bounce was even more striking after fuel was excluded, with sales up 1.6% on the previous month.
Next month's Budget is a golden opportunity to reform Britain's broken stamp duty system and get the country moving again, MPs, economists and campaigners have said.
Developers have been left “dumbfounded” by planning delays, with one in seven applications not processed on time. Housing ministry figures show in the past five years more than 6,500 applications for “major developments” of over ten properties did not get a decision in the statutory 13 weeks.
Chinese lenders have cut a benchmark lending rate in a bid to prop up the country’s virus-hit economy.
Which instrument has forty-seven strings and seven pedals?