Footfall in city centres across the country has remained persistently low since lockdown restrictions were eased, hurting the coffee and sandwich shops and other service businesses that rely on office workers, tourists and visitors for their trade. Rishi Sunak to unveil new Covid economic support measures, Cineworld issues warning over future after £1.3bn loss, HSBC is biggest loser in never-ending US-China global power play, HSBC resumes plan to cut 35,000 jobs worldwide, Sunak axes budget in scramble for urgent measures to save jobs, Mike Pompeo criticises HSBC for 'corporate kowtow' to China, Rishi Sunak could do worse than copy Germany, Rishi Sunak needs to urgently rethink his plans to get UK through winter, government’s U-turn on its back-to-work drive, begun to welcome staff back to their desks, urged office workers in England to work from home. Yahoo is part of Verizon Media. You can change your choices at any time by visiting Your Privacy Controls. The property group British Land, which had begun to welcome staff back to their desks over the summer, said it would keep its offices open, but would only allow staff to attend if they had requested permission in advance. © 2020 Guardian News & Media Limited or its affiliated companies.
Notably, he deputized for Johnson in televised leadership debates during the election campaign.
We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. Chancellor Rishi Sunak today unveiled his new Winter Economy Plan with a wage subsidy scheme to replace furlough as its centrepiece as he moved to try to stave off massive job losses over the winter. The credibility of the Chancellor & the Treasury matters to this country. The bank said its staff working in branches and those supporting customers in call centres would continue to go into work, although the majority of office-based staff would work from home.
Sunak is a more pro-Brexit chancellor than Javid, who campaigned for Remain back in 2016 (Sunak was a Leaver). Richard Gnodde, the chief executive of Goldman Sachs’ international operations, informed staff in a memo that its offices would remain open for employees “who need to be in the office”. They have two daughters together. But the company reversed those plans on Wednesday and expects the majority of staff to work from home “unless there is a clear personal or business need to be in the office”.
Before it's here, it's on the Bloomberg Terminal.
The Hindu son of a doctor and a pharmacist, Sunak attended Winchester College, one of the country’s most prestigious private schools, before studying at Oxford and Stanford Universities. “So this is either going to be a meeting of minds or Sunak will be the Prime Minister’s yes man living in Number 11.”.
Companies’ decisions follow government Covid-19 U-turn on back-to-work drive, Wed 23 Sep 2020 12.34 BST Coronavirus: Sunak’s ex-Goldman boss to be adviser on crisis | …
Gnodde added that the firm would “continue to take steps to sustain a safe, Covid-compliant working environment, in accordance with our own precautionary measures and UK government guidance”. New U.K. Chancellor of Exchequer Is an Ex-Goldman Sachs Man - … The Goldman Sachs rotation plan was focused on staff in highly regulated roles or who struggled to work from home.
It is the Treasury that has to ask the bothersome questions (like “how are we going to afford this?”, “is this good value for money?” & “does this make us more or less prosperous?”) that can annoy No 10../1.
HSBC, Goldman Sachs and PwC have postponed plans to bring staff back to their offices in England after the government’s U-turn on its back-to-work drive. According to a research note by Capital Economics, his previous votes in Parliament “suggest his views are perhaps more aligned with those of the Prime Minister and his Chief Special Adviser Dominic Cummings than Javid’s.”, “His voting history shows he’s an ardent Brexiteer, supports reductions in corporation tax, cuts to capital gains tax and he’s gone on the record as favouring infrastructure investment,” the note said.
Adds work background in eighth paragraph. Precocious 39 year-old ex-Goldman Sachs analyst gets lucky | …