1 Min Read. He told me to keep hanging on, and I did. Advertisement. Losses among blue-chips were broad-based: pandemic losers such as Land Securities and British Land both suffered while mining stocks tumbled as investors eased out of the value rotation that drove strong gains last week. The stock has closed higher every day since Dec 22, boosted in the past year by growing enthusiasm about the future of electric vehicles. “The number in ICU is going to continue to rise. The UK economy will “get worse before it gets better”, Rishi Sunak has warned as the country braces for a double-dip recession in the wake of the new strain of Covid-19. Oil firm Lekoil has appointed Michael Ajukwu as its new chairman, after his predecessor Mark Simmonds resigns over a battle with its biggest shareholder, mining company Metallon. Washington, Jan 15 (efe-epa).- President-elect Joe Biden said Friday that “things will get worse before they get better” in the battle against Covid-19, which has claimed more than 391,000 lives in the United States. He told me to keep hanging on, and I did. New York-listed chemicals company Dow Inc is banning campaign contributions by its political action committees' (PAC) to members of Congress who voted against certifying president-elect Joe Biden, reported Bloomberg. But it isn't all bad news. JD Sports says it expects full-year profits to be “significantly ahead” of current market expectations after a strong recovery in demand over recent months. The statement said Mr Kwarteng thanked them for helping through the pandemic, like those working on vaccine manufacturing. The pound has extended its losses against the dollar in recent minutes, down about 0.8pc currently. The UK economy will “get worse before it gets better”, Rishi Sunak has warned as the country braces for a double-dip recession in the wake of the new strain of Covid-19. Asian stocks were off to a muted start to the week. After washing it off, i rub pure coconut oil. “The mask has become a partisan issue, unfortunately, but it’s a patriotic act.”. “We should expect the economy to get worse before it gets better.” He defended the Government’s “comprehensive economic plan”, noting the fiscal stimulus amounts to more than £280 billion. The FTSE 100 retailer said demand had “remained robust” over the second half of the year to the end of January, putting revenues for the 22 weeks to the end of its financial year 5pc ahead of late 2019’s performance. The UK economy will “get worse before it gets better” as the country battles the pandemic, Chancellor Rishi Sunak has warned. 21,896, This story has been shared 19,243 times. Mr Sunak repeated things that we largely already know: the virus crisis is worsening, new restrictions will hurt growth, vaccines are crucial and support measures will be reviewed at the Budget. President Biden was spotted going maskless at the Lincoln Memorial... Post was not sent - check your email addresses! Shira Feder. T he Chancellor is on his feet – let’s see what he says following the latest wave of restrictions. 28,574, This story has been shared 21,896 times. “Right now it is up to the federal government,” he went on, but said he was “very hopeful” that the Biden administration “is going to fix a lot of this.”, The administration’s COVID-19 plan released on Thursday says the federal government will “end the policy of holding back significant levels of doses” and encourage state leaders to instead “move through the priority groups more quickly.”. The Telegraph Bracing the nation for continued hardship, Biden cautioned that it would “get worse before it gets better” and forecast that the death toll could rise to 500,000 by the end of next month. The chancellor told MPs the new national restrictions were necessary to control the spread of coronavirus. The new technology unit will lead to the departure of Mike Sherman, BT's chief strategy and transformation officer. Add Microsoft and Facebook to that list... Microsoft said it decided on Friday not to make any political donations “until after it assesses the implications of last week’s events", reported Bloomberg. He kept comforting me and reminding me that my practitioners all said it would get worse before it got better. Rishi Sunak has warned the UK economy will “get worse before it gets better” given the latest lockdown. 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