Rolling coverage of the latest economic and financial news
- Introduction: UK borrowed £22.3bn last month, an October record
- UK borrowed £215bn since April – a record
- HMRC: Tax revenues have slumped £70bn
- Retail sales jump in early Christmas rush
- National debt now 100.8% of GDP, not seen since the early 1960s
- Rishi Sunak to put squeeze on public sector salaries
Oil giant BP has sold its London headquarters for £250m – in a timely example of how Covid-19 has forced companies across the UK to rethink their business practices.
The company told staff that running a large office in central London was “expensive, unnecessary” and out of step with modern corporate practices.
BP has confirmed the sale of its St James Sq HQ for £250m, telling staff that the space was "expensive, unnecessary and out of step with modern corporate practice"
More on BP's flexible workspace overhaul here, published in August https://t.co/L2B1vl1yxo
Bitcoin is continuing its recent strong rally, taking another step towards new highs…
#Bitcoin continues to move towards its all-time high, up another 4% today. pic.twitter.com/jMqVpsAjts
