Rishi Sunak finally unveiled a multi-billion-pound coronavirus bailout for millions of stricken self-employed workers tonight – but left hundreds of thousands just above a ‘cliff edge’ cut-off wondering how they will make ends meet. The Chancellor unveiled a scheme handing out cash grants worth up to £2,500 a month, in a massive boost for taxi drivers, musicians, … Read more
ALEX BRUMMER: Rishi Sunak baulks over a bailout for Britain’s 5m self-employed workers By Alex Brummer for the Daily Mail Published: 21:51 GMT, 25 March 2020 | Updated: 21:55 GMT, 25 March 2020 The demands from Britain’s 5m selfemployed and freelance workers for a parallel bail-out to those on Paye has been unrelenting, and a … Read more
Democrats indicate they are finally ready to sign the phase three economic stimulus package Wednesday, which includes a measure that prohibits Donald Trump’s family businesses from receiving benefits from the coronavirus relief. Senators were finally able to strike a deal overnight on the $2 trillion rescue package to address the fallout from the coronavirus outbreak, … Read more
Fears over £350bn virus bailout: Business groups warn many large firms may not be eligible for BoE’s loan scheme By Tom Witherow For The Daily Mail Published: 21:50 GMT, 23 March 2020 | Updated: 22:09 GMT, 23 March 2020 Thousands of businesses are facing an uncertain future as cracks appear in the Government’s £350billion bailout … Read more
For ten years, we were told there was no magic money tree. But austerity is over. In war, everything is different – and what we are witnessing is a classic case of war financing by the Government. The Chancellor Rishi Sunak is putting no limit on what he spends both to combat the coronavirus pandemic … Read more
Sir Richard Branson and other billionaire aviation investors should reach into their own pockets and contribute to any bailout deal for the sector, former Ministers have demanded. The Government is thought to be on the verge of agreeing a multi-billion pound rescue deal for airlines and airports – which could include the State taking stakes … Read more
Chancellor Rishi Sunak announces his huge financial relief package at a press conference with Boris Johnson in No. 10 last night Rishi Sunak’s unprecedented bailout promise to underwrite employees’ wages was last night hailed as saving 800,000 jobs during the coronavirus epidemic. Analysts who were forecasting a 1.5million increase in job losses because of the … Read more
Chancellor Rishi Sunak’s employment support package will cost the taxpayer billions of pounds a month, the Institute for Fiscal Studies (IFS) said tonight. IFS director Paul Johnson said the final cost to the Exchequer of paying up to 80% of the wages of workers whose jobs were under threat from the coronavirus outbreak was ‘unknowable’. … Read more
What is the coronavirus? A coronavirus is a type of virus which can cause illness in animals and people. Viruses break into cells inside their host and use them to reproduce itself and disrupt the body’s normal functions. Coronaviruses are named after the Latin word ‘corona’, which means crown, because they are encased by a … Read more
How is the government paying for the £350billion coronavirus bailout and how will it be paid back? Chancellor Rishi Sunak hailed the massive cash lifeline as ‘unprecedented’ It is thought the government will foot the hefty bill by going further into debt Businesses will be able to ‘walk into their local bank branches’ to request … Read more