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William Chan says, if all the constraints underlying the UK DC market are cleared, there is no reason why the UK DC market cannot follow other parts of the world in private market allocations.
Revolution Bars Group saw its share price climb by 14.1 per cent today after it said its bars had traded extremely strongly since some of them reopened last month.
The company said significant pent-up demand meant sales in the four weeks to May 9 were just under half its pre-pandemic levels despite reduced operating hours and the often unseasonably cold weather.
Twenty of Revolution s English bars reopened on April 13 when the UK government allowed hospitality venues to serve customers outdoors, and it has opened another five since that date.
Quiet inside: Twenty of Revolution s English bars reopened on April 13 when the UK government allowed hospitality venues to serve customers outdoors
Freeports are being promoted as a key to growth
UK companies which sign up to the government’s flagship freeport programme are likely to be shut out of export markets worth £35bn a year, it has been claimed.
Rollover free trade deals signed with 23 countries including Canada, Switzerland, Norway and Singapore feature clauses specifically excluding manufacturers benefiting from freeport tax breaks, said shadow trade secretary Emily Thornberry.
This would mean companies taking advantage of the new freeport zones at East Midlands Airport, Felixstowe & Harwich, Humber, Liverpool City Region, Plymouth & South Devon, Solent, Thames and Teesside will have to pay tariffs on exports to these countries, which together make up almost 10% of the UK’s global export market.