Rishi Sunak ‘working on Project Birch business bailout which could see Government act as lender of “last resort” to stop key British firms from going under because of coronavirus’ Chancellor Rishi Sunak is apparently drawing up plans to save important firms Could see tailored bailouts where ‘viable companies have exhausted all options’ Government could act … Read more
London mayor Sadiq Khan was warned tonight that he will have to put up fares on the Tube and city buses in exchange for a public transport bail-out from the Government. Transport Secretary Grant Shapps said he was ‘optimistic’ of striking a deal to plough money into Transport for London (TfL), after Mr Khan threatened … Read more
P&O ferries Dubai-based owner begs for £150m bailout (as it plans to give investors £270m) By Matt Oliver For The Daily Mail Published: 23:39 BST, 28 April 2020 | Updated: 23:39 BST, 28 April 2020 The owner of P&O Ferries is pleading with the Government for a £150million bailout – as it prepares to hand … Read more
P&O ferries’ Dubai owner slams government for ‘slow’ reaction to its demands for £150m taxpayer bailout to save ‘thousands’ of jobs and protect ‘vital’ supply routes amid coronavirus lockdown P&O owner has applied for a £150million bailout from the UK government Sultan Ahmed bin Sulayem is yet to hear back and accused them of being … Read more
Britain’s biggest steelmaker Tata Steel seeks taxpayer bailout of £500m – 10 times the amount available under government support scheme Tata Steel is in need of £500m funding package due to coronavirus impact Company has approached UK and Welsh Governments for financial support Local MP Stephen Kinnock asked Treasury to lift cap on business loans Tata Steel … Read more
As one of the world’s wealthiest men, Sir Richard Branson is used to travelling by private jet, holidaying with politicians and hobnobbing with A-listers. But neither his estimated £4 billion fortune nor his audacious networking skills could save the Australian arm of his airline from going into administration yesterday. Virgin Australia, the country’s second biggest … Read more
To all the Virgin family, For 50 years I have been humbled by the incredible pride our people take in working for Virgin. It is the people across all our businesses, and the hundreds of thousands of people who have worked with us over the years, that make this company so special. They tell their … Read more