Experts voiced shock that Rishi Sunak does not know how much his latest huge coronavirus bailout will cost – as gloomy figures showed the UK economic recovery is slowing. The respected IFS think-tank said it was ‘extraordinary’ that the Treasury failed to provide a clear estimate for the huge package unveiled by the Chancellor yesterday. … Read more
Rishi’s new bailout Firms in Tier 2 lockdown eligible for £2,100-a-month grants, potentially benefiting 150,000 businesses. If there is full take-up it could cost £1.2billion. Job Support Scheme changed so employers pay just 5 per cent of unworked hours – down from a third – and the minimum threshold for hours worked will be one day … Read more
Rishi’s new bailout Firms in Tier 2 lockdown eligible for £2,100-a-month grants, potentially benefiting 150,000 businesses. If there is full take-up it could cost £1.2billion. Job Support Scheme changed so employers pay just 5 per cent of unworked hours – down from a third – and the minimum threshold for hours worked will be one day … Read more
Sunak’s latest bailout package sends Britain’s annual budget deficit towards £400bn By Daily Mail City & Finance Reporter Published: 21:56 BST, 22 October 2020 | Updated: 22:30 BST, 22 October 2020 Rishi Sunak’s latest bailout package for businesses could push Britain’s annual budget deficit above £400billion, experts warned last night. Business leaders hailed the generosity … Read more
The Welsh Government will nationalise its railways after last ditch talks with its current operator failed, it has been announced today. Welsh political leaders had been in talks with KeolisAmey about a possible bailout due to a fall in passenger numbers in the midst of the Covid-19 pandemic. But the negations have now fallen through. … Read more
Rishi Sunak will today unveil yet another bailout amid warnings that thousands of bars and restaurants in Tier Two lockdown areas face going bust. In a dramatic Commons statement this morning, the Chancellor is expected to boost support for sectors like hospitality by hundreds of millions of pounds, after a wave of anger at ‘loopholes’ in … Read more
The Welsh Government is today poised to nationalise its railways after last ditch talks with its current operator failed, according to reports. Welsh political leaders had been in talks with KeolisAmey about a possible bailout due to a fall in passenger numbers in the midst of the Covid-19 pandemic. But the negations have now reportedly … Read more
London drivers could have to pay £27.50 a day if they drive an old polluting car through the center of the city under new congestion charge Sadiq Khan claims ministers are demanding he vastly extends congestion zone Some motorists could be charged twice if they also travel through the ULEZ Boris Johnson yesterday accused Mr … Read more
Is Rishi about to announce a Tier Two bailout? Treasury insists ‘evolving and comprehensive’ support for business amid backlash from pubs and restaurants as Chancellor is ‘acutely aware of financial costs’ on those firms Chancellor Rishi Sunak under pressure to bring forward more help for business Extra help has been pledged for companies in Tier … Read more
The Government has agreed to extend its financial support of Transport for London (TfL) for two weeks while negotiations on a new bailout continue. Ministers are demanding that London’s congestion charge zone is extended and free travel entitlements for children and older people are downgraded in return for what would reportedly be a £1 billion … Read more