About This Source - Bloomberg QuickTake: Now
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It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
Recent from Bloomberg QuickTake: Now:
Bloomberg QuickTake: Now published this video item, entitled “Pub Curfew Due to Covid Spike ‘Devastating’ For U.K. Businesses, Says Industry Group” – below is their description.
Struggling businesses were just getting back on their feet after the U.K.’s first national lockdown sparked the country’s deepest recession in over a century. Now they face another six months of hardship after Prime Minister Boris Johnson unveiled a fresh tranche of coronavirus restrictions that will last until spring 2021. Johnson’s announcement immediately put pressure onto Chancellor Rishi Sunak to set out how the government intends to protect jobs and help businesses through the autumn and winter, just as it winds up its support programs. The Treasury has been considering a plan from business leaders for the state to top up wages of employees who return, but has so far rebuffed calls to extend the furlough program in full. “I don’t think the chancellor is minded to wholesale extend the furlough scheme,” First Secretary of State Dominic Raab told Sky News on Wednesday. “We are looking at targeted measures.” The biggest blow is likely to be felt by the hospitality industry, which is being forced to close early — at 10 p.m. each night from Thursday — and will suffer from the government’s new instruction to office workers to work from home. That will leave many city centers virtually empty of customers during the working day and after hours. “Lots of businesses will not survive this and we are going to see more and more people lose their jobs unless we have the support to counterbalance these restrictions,” Kate Nicholls, chief executive of trade body UKHospitality, said. “The Government must immediately announce an exhaustive package of financial support, otherwise our sector is facing ruin.” Sunak and Johnson are trying to protect the country from a deadly resurgence of the coronavirus that left the U.K. with the highest death toll in Europe, while avoiding an economically disastrous second national lockdown. In a statement to the House of Commons on Tuesday, the prime minister ordered restaurants and bars to close earlier to stop people passing on the disease after drinking alcohol. He also scrapped plans to allow live audiences back into sporting events next month. Read the rest of this story at Bloomberg.com: https://bloom.bg/2RNXAGdBloomberg QuickTake: Now YouTube Channel
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In This Story: Boris Johnson
Alexander Boris de Pfeffel Johnson is a British politician, writer, and former journalist, who has served as Prime Minister of the United Kingdom and Leader of the Conservative Party since 2019. He was Foreign Secretary from 2016 to 2018 and Mayor of London from 2008 to 2016.
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In This Story: Dominic Raab
Dominic Rennie Raab is a British politician serving as First Secretary of State and Secretary of State for Foreign and Commonwealth Affairs since July 2019.
This role is otherwise known as Foreign Secretary.
Raab served in the British Cabinet as Secretary of State for Exiting the European Union in 2018, until his resignation. That role was otherwise known as Brexit Secretary.
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In This Story: Lockdown
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In This Story: Rishi Sunak
Rish Sunak is a British Conservative Party MP, who was originally elected as a Member of Parliament in the Richmond (Yorks) constituency in 2015.
His father-in-law is billionaire founder of Indian IT giant, Infosys, NR Narayana Murthy.
Sunak experienced a meteoric rise, first to be selected for the “safest” Conservative seat in the UK, he would later become the UK Chancellor of the Exchequer in under five years.