Friday newspaper round-up: Reverse commuters, hospitality industry, Google
By Michele Maatouk
Date: Friday 25 Sep 2020
(Sharecast News) - Norfolk, Wiltshire and Cornwall have emerged as hotspots for properties on sale at £1m or more, as wealthy buyers hunt for larger homes near the sea or in the countryside. Traditionally, more expensive homes have taken far longer to sell than properties in the wider market, but the race for more space and leafier locations as more people work from home in the wake of the Covid-19 pandemic has led to a sales boom in the £1m price bracket, according to the UK's biggest property website, Rightmove. - Guardian
Londoners are increasingly looking for jobs outside the capital as the city's economy stalls, one of the UK's largest recruitment sites has found, raising the prospect of a wave of "reverse commuters" or a continued exodus of residents. Figures from Indeed, based on millions of job adverts and searches, show that on 18 September, the number of posts advertised in London was down by 55% on the same date in 2019. - Guardian
The ravaged hospitality industry faces thousands of job losses and a massive wave of closures after bosses warned that Rishi Sunak's latest rescue scheme will not stop them laying off staff. Pub and restaurant chiefs said they have no option but to go ahead with mass redundancies in the face of draconian measures to control coronavirus, despite the Chancellor's new wage subsidy for part-time workers. - Telegraph
Google is under pressure to crack down on adverts for financial scams online after the City regulator called on the internet giant to "step up to the plate". Charles Randell, chairman of the Financial Conduct Authority, urged the American search engine yesterday to do more to tackle the adverts. He said that more than half of the first page of results generated by a Google search for high-return investments were quite clearly scams, adding: "Whatever Google are doing, so far it's not working." - Telegraph
Telecoms bosses have warned that the government risks missing its ambitious target of delivering "gigabit" broadband speeds to all parts of the UK by 2025. Boris Johnson has put pressure on the industry to accelerate investment in upgrading infrastructure to faster full-fibre broadband networks to boost Britain's digital economy. - Telegraph
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