Omicron and Covid plan B makes December UK rate rise less likely; US jobless claims lowest since 1969 – as it happened
by Graeme Wearden from on (#5SVB3)
Rolling coverage of the latest economic and financial news
- Latest: US initial jobless claims lowest in over 50 years
- Bank of England could leave rates on hold next week
- Number of UK diners falls, as Pret transactions drop
- Pound near one-year low as Covid clouds outlook
- Evergrande has defaulted, rules Fitch
- Pub chain boss: Without help, many hospitality firms will run out of cash
- What new Covid restrictions are coming into force in England?
- Businesses and unions seek state help after England adopts Covid plan B
The City of London Corporation's Policy Chair, Catherine McGuinness, has called on the government to set out a clear roadmap' back to normality in early 2022.
McGuinness says the fresh restriction in England will be a disappointment to businesses in the Square Mile, which have suffered from the move to home working in the pandemic.
Christmas has been cancelled for many City shops, restaurants, pubs and other businesses that rely on footfall from workers in nearby offices.
Everyone should act responsibly, including by getting the vaccine and any booster as soon as possible, wearing masks and testing regularly.
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