News

MORNING NEWS: “New Deal” is mostly old money

News

Piers Wehner

30 June 2020

Good morning.

Boris Johnson(£) has invited comparisons with Depression era President Franklin D Roosevelt by promising “New Deal” style spending(£). Critics have pointed out that there is no new money and, while Roosevelt built the Hoover Dam, Johnson is promising “bridge repairs in Sandwell”.

Government borrowing is also set to rise a further £50bn by the end of summer(£).

… But the PM is under pressure to stick to his previous spending commitments(£). What, asks MPs, has happened to the £9bn promised for insulation?

Leicester(£) has become the first UK city to return to lockdown(£) after a spike in Covid cases.

And Landsec is running the risk of a shareholder revolt, after receiving a ticking off from the Investment Association over Martin Greenslade’s pension plan.

Shares in RDI Reit closed up 13.5% yesterday, after it confirmed that Starwood Capital Group would take a 29.42% stake.

Byron(£) is planning a pre-pack administration(£) as three suitors select the tastiest morsels of the burger chain…

… And landlords have agreed to a CVA(£) which will close 125 Frankie & Benny’s restaurants, and see rents slashed at 85 more.

Mortgage approvals(£) fell by 90% during the lockdown…

… While house hunters in Scotland are having to wait weeks to view properties due to stringent cleaning rules.

Covid 19 could have a fundamental impact on terminal dilapidations claims, writes Nicholas Dowding QC.

HS2 could use a tunnel under Manchester(£) to fuse with the Northern Powerhouse Rail…

… As delivery of London’s Tideway supersewer(£) suffers a blockage.

An independent commission(£) will seek to ensure that farmers are not undercut(£) in post-Brexit trade deals.

The Times (£) has an obituary for Tony Pidgley, remarking on his Barnardo’s to Bentleys self-made success and his uncanny knack for spotting the top and bottom of the market.

South Korea and Japan are engaged in a battle over the Unesco listing of Hashima Island.

And finally, the seaside town of St Ives has banned cars(£), to make life easier for tourists. Guess the pitchforks(£) have been packed away, then?

Good morning. Boris Johnson(£) has invited comparisons with Depression era President Franklin D Roosevelt by promising “New Deal” style spending(£). Critics have pointed out that there is no new money and, while Roosevelt built the Hoover Dam, Johnson is promising “bridge repairs in Sandwell”. Government borrowing is also set to rise a further £50bn by the end of summer(£). … But the PM is under pressure to stick to his previous spending commitments(£). What, asks MPs, has happened to the £9bn promised for insulation? Leicester(£) has become the first UK city to return to lockdown(£) after a spike in Covid cases. And Landsec is running the risk of a shareholder revolt, after receiving a ticking off from the Investment Association over Martin Greenslade’s pension plan. Shares in RDI Reit closed up 13.5% yesterday, after it confirmed that Starwood Capital Group would take a 29.42% stake. Byron(£) is planning a pre-pack administration(£) as three suitors select the tastiest morsels of the burger chain… … And landlords have agreed to a CVA(£) which will close 125 Frankie & Benny’s restaurants, and see rents slashed at 85 more. Mortgage approvals(£) fell by 90% during the lockdown… … While house hunters in Scotland are having to wait weeks to view properties due to stringent cleaning rules. Covid 19 could have a fundamental impact on terminal dilapidations claims, writes Nicholas Dowding QC. HS2 could use a tunnel under Manchester(£) to fuse with the Northern Powerhouse Rail… … As delivery of London’s Tideway supersewer(£) suffers a blockage. An independent commission(£) will seek to ensure that farmers are not undercut(£) in post-Brexit trade deals. The Times (£) has an obituary for Tony Pidgley, remarking on his Barnardo’s to Bentleys self-made success and his uncanny knack for spotting the top and bottom of the market. South Korea and Japan are engaged in a battle over the Unesco listing of Hashima Island. And finally, the seaside town of St Ives has banned cars(£), to make life easier for tourists. Guess the pitchforks(£) have been packed away, then?