Recession is unprecedented, says Chancellor Rishi Sunak
Craig TaylorRishi Sunak says it is a “difficult and uncertain time” as the UK suffers its biggest slump on record. BBC News – Business
Business
Eat out to help out: More than 10.5 million meals claimed in first week
The Treasury has set aside £500m to cover the cost of the scheme for restaurants, bars and cafes. BBC News – Business
Coronavirus: Pret a Manger to cut staff hours
The sandwich chain has asked staff to work 20% fewer contracted hours due to the pandemic. BBC News – Business
Eat out to help out: ‘We’ve had 15,000 bookings’
Restaurants are cautiously optimistic after the first week of the government’s discount scheme. BBC News – Business
TikTok: Trump signs order to address ‘threat’ of Chinese app
Beginning in 45 days, any US transaction with parent company ByteDance will be banned. BBC News – Business
WH Smith may cut 1,500 jobs after sales plummet
High Street chain is the latest retailer to make drastic job cuts after lockdown hit business. BBC News – Business