Tesla tops 10% market share in California—an eighth of EV maker’s global
Heard Californians say that the Model 3 is the new Prius? No exaggeration, they’re everywhere. Tesla surged to a 10.5%...
Of course, this means if you don’t have physical sites, you are at the mercy of the discretionary fund and we don’t yet know how that will be distributed.
Nonetheless, the Institute of Directors business group has broadly welcomed the support:
The chancellor’s £594m discretionary fund for businesses will be shared between the devolved nations as follows:
BBC Scotland’s business editor Douglas Fraser breaks down the eligibility criteria for the new business grants:
BREAKING: Chancellor Rishi Sunak has announced new support for businesses hit by fresh lockdowns.
Support includes:
The Treasury says that the grants will be offered on a per-property basis, and is expected to help 600,000 sites. The total cost is expected to be around £4bn.
The funds will be made available via local authorities and the devolved administrations to support businesses not eligible for the grants, but might be affected by the restrictions. Businesses should apply to their local authorities.
Going back to Next, chief executive Simon Wolfson has confirmed that the retailer is part of a consortium bidding for some Arcadia brands.
However, he stressed that Next is not looking at taking a majority stake in any Arcadia deal, Reuters reports.
Our retail correspondent Sarah Butler reported in December that Next was considering teaming up with the US owner of Oak Furnitureland to buy Sir Philip Green’s Arcadia Group, which fell into administration in November, putting 13,000 jobs at risk.
Updated
Read More: Markets rise despite fresh nationwide Covid lockdowns in England, Scotland
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