Rishi Sunak warns the ‘economic shock’ of Covid bailouts will be ‘laid bare’

Rishi Sunak has warned of tax rises in the spring and joked about having to confiscate Boris Johnson’s credit card to kerb his spending.  The Chancellor made the quip as he prepares to reveal his plan to balance the books and recover from the pandemic in his spending review on Wednesday. He hinted that taxes … Read more Rishi Sunak warns the ‘economic shock’ of Covid bailouts will be ‘laid bare’

Coronavirus UK: Northern leaders REJECT measures as they call Rishi Sunak’s bailouts ‘insufficient’

Andy Burnham has called on MPs to ‘reject’ Rishi Sunak’s new coronavirus bailout programme because it will lead to ‘severe redundancies’ across the North of England Manchester Mayor Andy Burnham today called on MPs to ‘reject’ Rishi Sunak‘s new coronavirus bailout programme because it will lead to ‘severe redundancies’ across the North of England. The … Read more Coronavirus UK: Northern leaders REJECT measures as they call Rishi Sunak’s bailouts ‘insufficient’

Britain faces biggest tax rises in a generation to pay for coronavirus bailouts

A £30billion tax raid on the wealthy is being planned to help pay for the massive cost of coronavirus, it was claimed last night. Treasury officials are said to be drawing up plans to target the better off, businesses and pensions to plug the gap in the nation’s finances. Capital gains tax and corporation tax … Read more Britain faces biggest tax rises in a generation to pay for coronavirus bailouts

Coronavirus bailouts should only go to companies helping the needy, Pope says

Pope Francis has urged world leaders to only give coronavirus bailouts to companies which protect the environment and help the needy. The 83-year-old pontiff said the pandemic has laid bare inequalities in the world, and it would be a ‘scandal’ if leaders missed the opportunity to fix them. As countries race to return to ‘normal’, … Read more Coronavirus bailouts should only go to companies helping the needy, Pope says

Cost of government’s coronavirus bailouts is now set to top £130billion

Cost of government’s coronavirus bailouts is now set to top £130billion as the economy plunges into recession, says watchdog The government’s coronavirus bailouts are now expected to hit £132bn this year The OBR watchdog has revised up its costs from £123bn in middle of last month The UK is facing the deepest recession for 300 … Read more Cost of government’s coronavirus bailouts is now set to top £130billion

Rishi Sunak is under pressure to boost bailouts for companies that are struggling

Chancellor Rishi Sunak is facing mounting pressure to boost his business bailout so that the Government increases its guarantee on loans to struggling firms to 100 per cent. The Treasury will today announce a further £1.25billion package to support innovative firms hit as the coronavirus lockdown causes the economy to stutter to a halt. It … Read more Rishi Sunak is under pressure to boost bailouts for companies that are struggling