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Hot Off The Wires - 26th November 2020

News


  • Rishi Sunak said that Britain’s economic emergency had only just begun as the long-term damage that the pandemic has inflicted on growth, jobs and the public finances was laid bare.

  • European regulators said EU banks operating in London would continue to be subject to Brussels regulations, threatening London’s post-Brexit hold on a derivatives market worth €50 trillion a year.

  • Unemployment will surge to a peak of 7.5% next year when the Chancellor’s support for millions of workers is withdrawn as Covid continues to transform Britain’s job market.

  • The bosses of Britain's biggest pub chains have urged urgent financial support for the sector or risk the total collapse of hundreds of breweries and thousands of pubs.

  • Emirates could put the world's biggest fleet of Airbus A380s back in the air by early 2022 after forecasting a sharp recovery in demand for air travel next year.


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