Britain’sTesco biggest retailer reported optimistic financial results related to robust sales at the end of 2020. Christmas shopping seemed to be unaffected by lockdowns and paved the way to register a positive 6-month record.
Some 4,000 British financial companies are expected to go out of business due to Covid-19 and related lockdowns and economic slowdowns, the Financial Conduct Authority (FCA) said quoted by Reuters. Those firms were at “heightened risk” FCA said in an analysis.
New car sales in UK fell by nearly 30% last year in their biggest annual drop since 1943. According to the industry, lockdowns aimed to curb the spread of the coronavirus, hit the sector, Reuters reported.
European Commission President Ursula von der Leyen and British Prime Minister Boris Johnson agreed on Sunday to continue discussions on a post-Brexit deal, EC President said in a press statement after their “useful” phone call, held around noon.
European Union Member States have been warned by Brussels to not break ranks or entertain the idea of side deals with Britain should trade talks fail, the Financial Times reported on Friday, citing a diplomatic note. Brussels believes ‘incentive must be maintained’ and that any actions that would ease the consequences of a no-deal end to the Brexit transition period on 1 January should be prevented.
UK regulators said Wednesday that people who have a “significant history” of allergic reactions shouldn’t receive the new Pfizer-BioNTech vaccine while they investigate two adverse reactions that occurred on the first day of the country’s mass vaccination programme.
Britain, Norway and Iceland have signed a trade continuity agreement as an interim before the countries complete negotiations over a comprehensive free trade agreement due to come into force in 2021, said the UK in a statement.