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
Cabinet tensions over lockdown as Rishi Sunak tells Tory MPs Italy and Greece are ‘opening up’ economies and UK must not ‘be the only country where you can’t go to the pub’ Rishi Sunak thought to be among most hawkish ministers on lifting lockdown Told Tory MPs UK must not be ‘only country in world … Read more
Employers will have to pay 25 per cent of their furloughed staff’s wages from August under plans set to be announced by Chancellor Rishi Sunak. Mr Sunak last week extended the government’s coronavirus furlough scheme – in which the government covers 80 per cent of wages of workers’ wages up to a ceiling of £2,500 … Read more
Chancellor Rishi Sunak warns of economic ‘scarring’ from coronavirus saying there might not be an ‘immediate bounceback’ – as he hints self-employed bailout will not carry on past June Chancellor Rishi Sunak has been giving evidence to a House of Lords committee Warned of economic ‘scarring’ from covid and recovery may not be ‘immediate’ Hinted … Read more
More than two-million self-employed have claimed £6billion in coronavirus grants in just FIVE DAYS, says Chancellor Rishi Sunak Government’s self-employed bailout opened to applications just five days ago More than two million have claimed total of £6billion in grants, Rishi Sunak says Huge sums will raise fresh concerns about government’s coronavirus liabilities Here’s how to … Read more
Hundreds of NHS staff beg the Government not to freeze public sector wages to help pay for coronavirus crisis NHS workers beg Chancellor Rishi Sunak to rule out public sector freeze pay It comes after a leaked Treasury report a two-pay halt on public wage rises The report warned of a £337bn Budget deficit following … Read more
Ever since Chancellor Rishi Sunak turned on the spending taps to save Britain’s businesses amid the lockdown, there have been grumblings in the Tory Party about the gigantic bill that will need paying after the crisis. One can therefore only imagine how they’ll react on discovering that the party’s own coffers could also soon run … Read more
Thatcherite free-market think-tanks have said there should be no return to austerity once Chancellor Rishi Sunak’s spending boost to beat coronavirus is over – as a top economist says slashing public expenditure is ‘not a done deal.’ The Adam Smith Institute, the Centre for Policy Studies, the Institute of Economic Affairs and Policy Exchange, previously … Read more
Think of Chancellor Rishi Sunak as a smiling salesman of payday loans, and you will begin to get the picture. ‘Yes, of course you can have the money. Happy to help!’ he says as he hands over the wads of notes. But it will not be the cheery face of Mr Sunak that you see … Read more
Bosses have warned there will inevitably be mass job losses when employers are asked to start sharing up to 50 per cent of the cost of the government’s furlough scheme in August. Industry experts also claim Chancellor Rishi Sunak‘s extension to the Job Retention Scheme – where the Treasury bankrolls 80 per cent of wages … Read more