Grim economic news is something we have had to get used to in the past two months but yesterday was something of a body blow. Chancellor Rishi Sunak’s announcement that he was extending the jobs retention scheme until October is the most ominous of all the amendments and additions to the bailout for the economy … Read more
Chancellor considering plans to offer 100% government guarantees on loans to up to 1m of UK’s smallest firms after pressure from Tory MPs and Bank By Daily Mail City & Finance Reporter Published: 21:55 BST, 24 April 2020 | Updated: 21:55 BST, 24 April 2020 The Chancellor is considering plans to offer 100 per cent … Read more
London markets fell this morning after Chancellor Rishi Sunak warned Britain faces ‘hardship ahead’ amid fears the coronavirus lockdown could cause the economy to shrink by a third. The FTSE 100 of Britain’s leading firms dropped by 33 points or 0.57 per cent to 5,758 shortly after opening today. It comes after the Office for … Read more
Ex-Cabinet minister David Davis slams Chancellor Rishi Sunak’s ‘tax raid’ on the self-employed to fund coronavirus bailout Chancellor Rishi Sunak suggests tax hike to pay self-employed coronavirus aid Mr Davis said putting taxes up for self-employed would be ‘final straw’ for many Tory sources say up to 50 Conservative MPs could back rebellion led by … Read more
Chancellor Rishi Sunak’s multi-billion-pound coronavirus bailout has left hundreds of thousands of self-employed workers close to a ‘cliff edge’. Ken Price, 50, who works as a roofer across London and the southeast, said he was concerned people were being made to wait until June for the rescue payment, ‘Three months will be hard enough for people who’ve got … Read more
Rishi Sunak to announce cash bail-out for five million self-employed Britons facing coronavirus ruin – after promise to cover 80% of laid-off workers’ incomes Chancellor Rishi Sunak is preparing the fresh coronavirus economic bailout Follows announcement that Government would cover 80% of employers’ wages Musicians said the outbreak caused ‘complete shutdown of our places of work’ … Read more
Cheers! Rural pub landlords say Chancellor Rishi Sunak’s unprecedented coronavirus handout gives them a chance of survival Rob and Donna Taylor run The Compasses Inn in rural kent Said Mr Sunak’s stimulus package could prove ‘massive’ for small businesses Mr Taylor, 38, said he was ‘shellshocked’ when Mr Johnson ordered closures Coronavirus symptoms: what are they … 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
Rishi Sunak’s Budget plans are ‘nothing like as generous as they appear’ and spending on most public services will be lower in 2025 than in 2010, according to a respected think tank. Paul Johnson, the director of the Institute for Fiscal Studies, said Mr Sunak’s investment proposals are ‘genuinely very big’ – but the cash … Read more
VICTORIA BISCHOFF: Rishi Sunak’s budget is kicking savers while they’re down By Victoria Bischoff for the Daily Mail Published: 23:16 GMT, 11 March 2020 | Updated: 23:21 GMT, 11 March 2020 Just when you thought things couldn’t get worse for savers, they were dealt two crushing blows in a matter of hours. The bad news … Read more