Deepest monthly price cuts for 15 years as desperate retailers try to encourage consumer spending. British retailers struggling during the coronavirus pandemic have cut their prices by the most in a month since 2006, according to industry figures revealing the scale of the economic fallout. Read the full article on The Guardian
Coronavirus loans: George Osborne calls for future government ‘debt forgiveness’ programme
The government should implement a future “debt forgiveness” programme for companies borrowing through its coronavirus loan schemes, according to former chancellor George Osborne. Osborne said small and micro-businesses “who are engines of growth” should have their debts written off in several years’ time if they are still carrying debt burdens from the government’s emergency schemes. Read the article on City A.M.