Government borrowing is set to soar to nearly £300billion this year with the debt mountain growing bigger than the whole economy, new estimates found today. The OBR’s latest ‘scenario’ for the crisis sticks to dire suggestions that the economy will shrink 35 per cent in this quarter – more than predicted by the Bank of England. … Read more
Seven in 10 dentists will go BUST by August unless Treasury acts now: MPs back desperate plea for financial aid Dental practices across the country were ordered to close their doors when the UK lockdown was imposed in March in response to the coronavirus pandemic Many are not eligible for any of the Government’s financial … Read more
More than 1.8million people have signed up for Universal Credit since 16 March, just days before the country went into lockdown. This is six times as many claims as usual, the Department for Work and Pensions has revealed. While it highlights just how devastating the virus has been for people’s livelihoods and the economy, it … Read more
Britain has hit its ‘taxable limit’, a former minister warns the Government after it emerges we could be left with a £300bn bill from coronavirus lockdown No 10 warned coronavirus has created ‘unprecedented economic uncertainty’ Rishi Sunak said it is ‘very likely’ the UK will face a significant recession’ this year Leaked analysis says ministers told … Read more
Supplier fears eased as Government steps in to guarantee trade credit insurance agreements By Daily Mail City & Finance Reporter Published: 21:51 BST, 13 May 2020 | Updated: 21:51 BST, 13 May 2020 The Government has stepped in to guarantee trade credit insurance agreements as thousands of businesses struggle to pay their bills. Suppliers to … Read more
Last month, the US government launched ‘Operation Warp Speed’ to fast-track the production of a coronavirus vaccine in America. Details have thus far been very vague, but a governmental official involved in the project has broken down some of the steps to Science Magazine. The Trump administration is planning to provide unlimited funding and other … Read more
Boris Johnson‘s ‘dangerous’ coronavirus strategy will lead to more outbreaks and lockdowns, an ‘alternative SAGE’ panel of experts warned today. The independent scientists say the PM’s aim of flattening infections and ensuring the NHS is not overwhelmed until a vaccine is ready is ‘foolish’. This is because GPs and councils have no idea how many people in their … Read more
The U.S. Drug Enforcement Agency informed the Department of Homeland Security that the Venezuela coup plot ringleader was smuggling guns to training camps, it has emerged. A DEA source has admitted that an informant tipped the agency off earlier this year that former Green Beret Jordan Goudreau, 43, was smuggling weapons into Columbia. The anti-narcotics … Read more
Britain should have done mass coronavirus testing on the public at the beginning of the crisis and carried it on, the Government’s chief scientist has said. Sir Patrick Vallance, the chief scientific adviser to Downing Street, admitted yesterday that it ‘would have been beneficial’ to get a handle on testing faster. Today a senior minister … Read more
The brother of one of the American ‘mercenaries’ captured during a failed military incursion in Venezuela has pleaded with the U.S. government to help save his life. Former U.S. special forces soldiers Luke Denman and Airan Berry are believed to be among eight men captured by the security forces of the ruling Maduro regime in … Read more