Pub and restaurant bosses today welcomed Rishi Sunak‘s ‘new furlough scheme’ to help those in the hospitality sector – as others warned it will still be a tough winter for many. The Chancellor has unveiled another bailout worth billions of pounds in a bid to boost support for stricken businesses under Tier Two lockdown and … Read more
Rishi Sunak today unveiled yet another bailout with billions of pounds for stricken bars and restaurants under Tier Two lockdown and the self-employed. In a dramatic Commons statement, the Chancellor boosted support for sectors like hospitality after a wave of anger at ‘loopholes’ in his existing provision. He said it was clear ‘open but struggling businesses … 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
Rishi Sunak’s old boss at Goldman Sachs ‘is in the running’ to become £160,000-a-year BBC chairman Richard Sharp believed to be applying for the prestigious role at the corporation The multi-millionaire Tory donor worked with the Chancellor at banking giant It comes as George Osborne has pulled out of the race for the high-profile role … Read more
Rishi Sunak will today launch a new rescue package to help firms hit by Covid restrictions retain their staff. The Chancellor will update MPs this morning on a package of support set to cost hundreds of millions of pounds to help firms in sectors such as hospitality, which have been badly hit by new restrictions … 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
A growing feud between Andy Burnham and top ministers is set to intensify after the Labour mayor labelled Rishi Sunak ‘the problem’ in a row over tighter coronavirus restrictions in Greater Manchester. The mayor of Greater Manchester, who has called for more financial support for the area after it was plunged into a Tier 3 lockdown, … Read more
Burnham’s enjoying a ‘soapbox moment’: Manchester Mayor accused of attention seeking as Treasury warns Boris not to write blank cheque Chancellor Rishi Sunak was warned the PM about caving in to Andy Burnham The Manchester mayor wishes to secure additional funding for his region Downing Street sources are worried about what may happen in this … Read more
Rishi Sunak has warned a ‘blunt’ circuit-breaker national lockdown could cause ‘permanent damage,’ to UK jobs and firms. There are growing calls, particularly from Labour leader Sir Keir Starmer, for a two-week circuit breaker to be implemented as a means of slowing the Covid-19 infection rate. Manchester and Lancashire could well join Liverpool under Tier … Read more
Amazon will NOT be impacted by £500m digital services tax – but smaller retailers will be, HMRC admits Two per cent on tax on internet giants will not impact Amazon, HMRC admits Treasury said Digital Services Tax would make companies pay ‘fair contribution’ Business leaders say the tax is penalising smaller companies who use Amazon … Read more