The nuclear option, Championship club owners are calling it. In essence, it is evidence of their increasing despair over the impasse around player wages. Owners and chief executives in the second tier of English football have had conversations about a process known as group administration, the last desperate act to avoid ruin, if no common … Read more
Thousands more workers furloughed as firms take up government’s offer to pay 80% of their wages By Matt Oliver For The Daily Mail Published: 21:50 BST, 6 April 2020 | Updated: 22:19 BST, 6 April 2020 Thousands of workers were furloughed yesterday as more companies jumped on the Government’s offer to pay 80 per cent … Read more
Physical health is at the top of all our minds, but coronavirus could have a severe impact on your financial health too. It is crucial that you prepare for the coming months to ensure your finances are as insulated as they can be from the fallout. The good news is that many institutions such as … Read more
Chancellor Rishi Sunak told Britons they will not face the coronavirus crisis ‘alone’ tonight as he unveiled a huge new coronavirus bailout. He said the government will cover 80 per cent of salaries up to £2,500 a month, with workers staying on the books of employers, and there will be no limit on the total … Read more
Workers in Britain could receive an emergency weekly wage subsidy in what would be the biggest state economic intervention since the Second World War. Chancellor Rishi Sunak is expected to unveil a huge package of wage subsidies today to help save stricken companies and employees amid the coronavirus crisis. Two of the measures being considered … Read more
Treasury Secretary Steven Mnuchin has reportedly warned that the US could see an unemployment rate of 20 per cent Treasury Secretary Steven Mnuchin has reportedly warned that the US could see an unemployment rate of 20 per cent as the coronavirus plunges the economy into a recession. On Tuesday, it was revealed that a global … Read more
Cleaning staff walk out of first NHS hospital to treat a coronavirus patient in London in dispute with contractor over unpaid wages Cleaning staff at a London hospital battling coronavirus are not being paid in full Staff at University Hospital Lewisham walked off the job on Thursday as a result A new private company took … Read more
The U.S. launched airstrikes targeting Iranian-backed Shia militia members in Iraq Thursday in retaliation for a deadly attack in which two American troops were killed, American officials said. The airstrike targeted militia members believed responsible for the rocket attack that killed and wounded American and British troops at Camp Taji, a base north of Baghdad, … Read more
Rishi Sunak put Britain on a war footing against coronavirus today vowing that the UK will not fall into Italy-style chaos. Unveiling his crucial first Budget, the Chancellor insisted his plans will ensure the UK is ‘one of the best placed economies in the world’ to cope with the impact of the disease. He said … Read more