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Hot Off The Wires - 9th June 2021

News


  • UK retail sales surged in May by the most since the Covid-19 pandemic began as lockdown measures were relaxed; sales increased by 10% compared with the same month in 2019, the British Retail Consortium said.

  • The rise of digital currencies could lead to a flood of withdrawals from high-street banks, risking financial stability and the wider economy, the Bank of England has warned.

  • The new chief executive of J Sainsbury was paid a £583,000 bonus in his first nine months in the job despite posting a full-year loss of £261m.

  • The government must convince commercial landlords to forego some of the rent built up during the pandemic or face a wave of insolvencies when payments fall due in July, business leaders have warned.

  • Imports into China have grown at their fastest pace in a decade on the back of surging demand for raw materials, but pandemic-related disruptions caused exports to lag behind last month


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