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NHS Covid-19 tracing app update disabled by Apple and Google over privacy issues

An update to the NHS track and trace app was scheduled to be release this week. The new version would enable users who test positive to COVID-19 to share venue check-ins within the app itself.

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Furlough scheme extended

Chancellor Rishi Sunak has extended the Coronavirus Job Retention Scheme until the end of April next year.

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Food/agri- tech see an increase in VC funding

We were seeing more VC interest pre-pandemic in food and agri - which was primarily driven by sustainability concerns and changes in diet.

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Will Covid-19 push more high street stores to go online?

Even before the commencement of lock down, the average British high street was under pressure to remain open whilst shopping online became the new 'go to'. Tour operator TUI has recently announced that it will be closing 166 stores across the UK and the Republic of Ireland as Covid-19 had accelerated the shift to online sales.

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Government releases guidance on making wills using video conferencing

In light of the COVID-19 pandemic, wills can now be witnessed by video-conferencing. Previously, a will had to be made in the physical presence of at least two witnesses but social distancing measures have made this difficult.

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A new era as the legal system is forced to move ahead with the times

HM Courts and Tribunals Service (HMCTS) have announced the roll out of their Cloud Video Platform to include family courts, to enable all courts in England and Wales to deliver secure and remote hearings. The roll out will take place over the next three months.

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FCA guidance to payment firms on prudential risk and safeguarding clients' funds during COVID-19

The FCA has proposed, for consultation, temporary guidance additional to its payment services approach document ("Approach Document") on safeguarding client's funds and managing prudential risks in the circumstances of the COVID-19 pandemic.

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FCA calls on fintechs/ regtechs to innovate to help consumers deal with Covid-19 financial crisis

The FCA will consider any credible proposals/tools intended to help with the consequences of coronavirus that show clear consumer benefit.

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FCA seeks court clarification on contractual uncertainty on business interruption insurance claims

The FCA intends to seek an urgent court declaration to establish the basis on which insurers are making decisions to accept claims under business interruption insurance policies (BI).

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European Commission offers temporary capital relief to banks in aim to boost €450bn lending

The European Commission has introduced measures to allow the economy to reap the full benefit of government schemes to keep credit flowing.

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