Business

Marks & Spencer (M&S) will serve notice this week of imminent plans for hundreds of job cuts as it becomes the latest prominent retailer to restructure its workforce in the wake of the coronavirus pandemic. Sky News has learnt that M&S will begin announcing redundancy plans within days, joining the likes of the John Lewis
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Thousands of seafarers from around the world are stuck on ships suffering from “depression and anxiety” because COVID-19 restrictions mean crew changes still can’t take place. The International Transport Workers Federation estimates there could be as many as 600,000 seafarers affected by lockdown measures, with half of them facing financial ruin. They traditionally work fixed-term
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Talk of tax increases is in the air. Government borrowing has ballooned as ministers have sought to insulate the economy from COVID-19. The Office for Budget Responsibility, the independent fiscal watchdog that analyses the UK’s public finances, forecast this week that the government’s budget deficit this year will reach £372bn. Why the 2024 economy may
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