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Evening StandardAnthony Hilton: Hard Brexit strategies are being redeployed to cope with the virus
If you ever wondered how the Civil Service was coping with all these new measures for mitigating the coronavirus crisis, wonder no more. A lot of the initiatives were actually put in place when we were heading for a hard Brexit last October. They have simply been dusted down and used here. “Waste not want not” as they say.Dominic Raab may have not known that Dover was a major port and Chris Grayling slipped up when he gave £14 million for a ferry route to Ramsgate even though the chosen company had no ships and no port contract. But they are politicians. The public sector professionals took another view.
Evening StandardMeet Pano Christou: Pret a Manger’s CEO battles the slings and arrows from Brexit to coronavirus
Cometh the hour, cometh the man from Tooting. Not in this case the guy with the bus driver dad who currently occupies City Hall but Pano from Pret whose dad drove a mini cab but who also attended Ernest Bevin Secondary in SW17 like our mayor.Pano Christou, 42, has only been Pret a Manger’s CEO since last October. Now he’s the war leader of a billion pound a year business with 13,500 staff worldwide, all of whom are now self-isolated at home.
ReutersBritain's embattled logistics industry calls for Brexit to be delayed
Britain's logistics industry is urging the government to delay its departure from the European Union because it cannot prepare for Brexit while battling to get food and medical supplies into the country during the coronavirus pandemic. The FTA, which represents members from the road, rail, sea and air industries, said it was petitioning government to urgently seek an extension to the transition period before the planned departure date at the end of the year. "This is not about the relative merits of Brexit, or any trading arrangements which our industry will need to adopt," said Elizabeth de Jong, Policy Director at FTA.
ReutersSwiss National Bank currency interventions hit highest since Brexit vote
The Swiss National Bank hiked its foreign currency interventions to their highest level since the Brexit referendum in 2016, data on Monday indicated, showing the central bank's determination to counter the Swiss franc's coronavirus-driven rise. Swiss sight deposits rose by nearly 6 billion Swiss francs last week, supporting the SNB's statement it is escalating its currency market interventions to slow the rise of the safe-haven currency. Total sight deposits, which include other deposits on sight in Swiss francs, rose to 608.826 billion Swiss francs (533.5 billion pounds) from 602.992 billion francs in the previous week.