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Saturday, May 23, 2020
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23 May 12:00pm Why the Treasury’s panic over debt, when borrowing costs next to nothing?
The Guardian
Even avid free-marketeers see that only state money can get growth going, but the chancellor is suddenly running scaredA consensus has emerged that the only route out of the lockdown is with government cash. From across the political divide there is support, offered reluctantly in some quarters, for the idea that only state-funded agencies will have the financial muscle and the will to put the wheels of the economy in motion once the pandemic has receded. Private-sector companies emerging from the deep freeze will need to tiptoe before they run, hence the Royal Society of Arts and Manufacturing’s proposal of an initial three-day week. Theirs must be a slow re-emergence, observing physical distancing.
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23 May 11:04am Derby was once ahead of its time, but reliance on making leaves it exposed
The Guardian
After news of 9,000 job losses at Rolls-Royce, the city is having to imagine a future beyond manufacturing Next month was supposed to bring 12 months of festivities to Derby, with a series of commemorative events celebrating three centuries of proud manufacturing history. The pandemic stalled those plans and then, last week, the city’s industrial pride was dealt another blow. Derby’s biggest private-sector employer, jet engine manufacturer Rolls-Royce, announced that a worldwide slump in air travel meant it would
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23 May 6:00am If we need childcare to reopen the UK economy, why is it so undervalued? | Christine Berry
The Guardian
The looking after of children is still seen as a private matter rather than a public good. But how does society function without it?
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23 May 6:00am Can Hawaii open up to tourists without letting in the coronavirus?
The Guardian
Halting tourism devastated the economy. Now officials hope testing can help to enable a safe reopening
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23 May 4:25am Car rental firm Hertz files for bankruptcy protection in US
The Guardian
Hertz, which has 38,000 staff, is one of the largest firms to be undone by the pandemic The 102-year-old car rental firm Hertz has filed for bankruptcy protection after its business all but vanished during the coronavirus pandemic. Hertz said in a US court filing on Friday that it had voluntarily filed for Chapter 11 reorganisation. Its international operating regions including Europe, Australia and New Zealand were not included in the US proceedings.
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23 May 3:00am Paint, pallets and a chicken coop: how DIY and upcycling can save cash
The Guardian
Lockdown provides opportunity to start the home improvement projects you have been putting off After weeks stuck indoors, many of us have a very good idea of which bits of our home we would like to improve. Some have already been moving through their DIY to-do lists but with the bank holiday weekend here and restrictions on lockdown easing in parts of the UK, it is the perfect time to get going on a new project – big or small. Medina Grillo, an award-winning DIY and home improvement blogger at
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23 May 3:00am Two wheels good … Bike sales soar as UK takes to cycling
The Guardian
Stores sell out of bikes as soon as they are delivered with sales tripling and repair shops booming There are few high street businesses reporting bumper trade in the coronavirus lockdown, but bicycle shops are selling out as soon as new stock is delivered and are swamped with demand to overhaul old bikes. Big chains and independent cycle shops, which have been allowed to keep their doors open as an
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