Rishi Sunak will set out next week how he intends to ‘wind down’ the government’s coronavirus furlough scheme amid fears within Whitehall that the nation is becoming ‘addicted’ to state help. The Chancellor is widely expected to start to reduce the scale of the scheme from July after it emerged it has a current monthly … Read more
Rishi Sunak could reduce government furlough wage support from 80 per cent to 60 per cent in the months ahead as part of a plan to ease Britain back to work, it was claimed today. The Chancellor is trying to figure out a way to ‘wind down’ the employee support scheme which currently sees the … Read more
The chancellor Rishi Sunak is under pressure to launch a second wave of furlough payments as the government’s scheme is set to run out in June. Industry and manufacturing think-tanks have warned that without further payments up to 35 per cent of jobs could be lost in parts of the UK, as businesses struggle to … Read more
Small businesses will get access to new loans worth up to £50,000 backed by a 100 per cent government guarantee, it was announced today. Chancellor Rishi Sunak unveiled the provision in the latest escalation of the massive bailouts for firms hit by the coronavirus lockdown. After complaints of delays and problems in getting cash from … Read more
The Treasury is planning to ‘get Britain back to work’ in a matter of weeks with new health and safety rules to be enforced in offices, it has been reported. Chancellor Rishi Sunak has been look at way to start allowing non-essential businesses to reopen in a ‘safe and practical way’, keeping coronavirus out of … Read more
‘Dishy Rishi’ Sunak wows viewers as he appears on BBC’s Big Night In fundraiser to announce Government pledge to match all donations Rishi Sunak announced the government would match all Big Night In donations First £20m will go to National Emergencies Trust to help support victims Viewers praised the Chancellor for being ‘normal’ in the TV … Read more
More than a million furloughed workers will get taxpayer-funded wage subsidies after a huge claims rush by firms. More than 2,200 applications per minute flooded in when the Coronavirus Job Retention Scheme opened at 8am yesterday. By 4pm, 140,000 had been received. Chancellor Rishi Sunak praised thousands of staff at HM Revenue and Customs and … Read more
Boris Johnson today moved to snuff out Cabinet pressure for an early easing of lockdown, making clear that a second peak in the coronavirus outbreak is the biggest threat to the country. The PM has intervened from his recuperation at Chequers to warn there must not be any let-up in the draconian curbs until scientists … Read more
More than 140,000 companies employing more than one million people applied for emergency Government aid to pay workers wages in just eight hours today, Rishi Sunak revealed tonight . He said the coronavirus job retention scheme, which opened to firms in a bit to ward off widespread unemployment, should pay out to companies who logged … Read more
Boris Johnson today moved to snuff out Cabinet pressure for an early easing of lockdown, making clear that a second peak in the coronavirus outbreak is the biggest threat to the country. The PM has intervened from his recuperation at Chequers to warn there must not be any let-up in the draconian curbs until scientists … Read more