Rishi Sunak was accused of propping up failing businesses with taxpayers money today amid figures showing a dramatic decline in insolvencies during the coronavirus pandemic. The Chancellor has ploughed billions into securing the jobs of millions of workers through furlough payments and schemes underwriting business loans for thousands of firms. But the Government’s Insolvency Service … Read more
Who is Rishi Sunak? That’s the question I set out to answer when I decided to write a book about how he landed one of the most powerful and influential jobs in government. It all happened so suddenly. One minute almost nobody outside Westminster and Yorkshire, where he is an MP, had heard of him. The … Read more
Boris Johnson overrules Rishi Sunak to finance green funds that fiancee Carrie Symonds supports despite opposition from a sceptical Treasury Carrie Symonds is passionate about the environmental policy and wants a fund She has urged Boris Johnson to create ‘green bonds’ for cutting emissions The UK will hold the presidency of both the G7 and … Read more
Business minister Nadhim Zahawi engaged in bruising clashes with BBC presenter Naga Munchetty today over millions of workers ‘falling through the cracks’ of coronavirus financial support. Munchetty repeatedly challenged Mr Zahawi over a swathe of people ‘excluded’ from the extraordinary packages announced by the government. Chancellor Rishi Sunak announced yesterday that 80 per cent furlough … Read more
Rishi Sunak‘s U-turn on furlough is a sign lockdown might last a ‘lot longer’ than ministers are admitting, experts warned today. The respected IFS think-tank delivered a withering verdict on the extraordinary shift as it said leaving millions of workers in limbo for a year could slow the economic recovery. In a change that could … Read more
Two fraudsters operating out of a south London office block are swindling the taxpayer by arranging fake bounce back loans worth tens of thousands of pounds a time, the Daily Mail reveals today. Our undercover investigation shows the business consultants brazenly helping clients claim the sham loans worth up to £50,000 each. With a Covid-19 … Read more
Hundreds of workers who have recently lost their jobs are furious with Rishi Sunak after he said the furlough scheme will be extended until the end of March. In a major Government U-turn the Chancellor said the move is needed to quell the economic situation caused by the Covid-19 pandemic. The job furlough scheme had been due to … Read more
Hundreds of workers who have recently lost their jobs are directing fury at Rishi Sunak, after he announced today that the jobs furlough scheme would be extended until the end of March. In a major Government U-turn the Chancellor said that the move is needed due to quell the economic situation caused by the Covid-19 … Read more
Rishi Sunak extended the furlough scheme until March today amid renewed lockdowns and demands from Nicola Sturgeon. The Chancellor admitted that the recovery had ‘slowed’ and businesses now faced heightened ‘uncertainty’ in a statement to the Commons. Workers will be able to get furlough at 80 per cent of their usual wage until the end … Read more
The Bank of England pumped another £150billion into the economy as lockdown began today – amid fears that it will send GDP plummeting and destroy jobs. The Bank has increased its mammoth bond-buying programme to £895billion, warning that UK plc’s recovery was already ‘softening’ before the squeeze was announced on Saturday. Interest rates are being … Read more