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
Grim economic news is something we have had to get used to in the past two months but yesterday was something of a body blow. Chancellor Rishi Sunak’s announcement that he was extending the jobs retention scheme until October is the most ominous of all the amendments and additions to the bailout for the economy … Read more
Britain’s bill for the pandemic could hit £300billion and force tax rises, cuts to the state pension and a public-sector pay freeze, a Treasury document warns. A paper drawn up for Chancellor Rishi Sunak said the austerity-style policies – including drastic cuts to public spending and welfare – may have to be announced within weeks … Read more
Rishi Sunak concedes recession is already happening in grim warning of hard times to come as he extends the furlough scheme again Sunak said it was clear June deadline for furlough would have to be extended Told MPs scheme would continue ‘completely unchanged’ until the end of July Furlough been accessed by 935,000 businesses since … Read more
Rishi Sunak concedes recession is already happening in grim warning of hard times to come as he extends the furlough scheme again Sunak said it was clear June deadline for furlough would have to be extended Told MPs scheme would continue ‘completely unchanged’ until the end of July Furlough been accessed by 935,000 businesses since … Read more
What is happening to the furlough scheme? The multi-billion pound furlough scheme is being extended to October. Employees on the scheme will continue to receive 80 per cent of wages, up to a ceiling of £2,500 a month. Until the end of July, there will be no changes to the scheme whatsoever. From August to … Read more
Rishi Sunak will set out next week how he intends to ‘wind down’ the government’s coronavirus furlough scheme amid fears within Whitehall that the nation is becoming ‘addicted’ to state help. The Chancellor is widely expected to start to reduce the scale of the scheme from July after it emerged it has a current monthly … Read more
The chancellor Rishi Sunak is under pressure to launch a second wave of furlough payments as the government’s scheme is set to run out in June. Industry and manufacturing think-tanks have warned that without further payments up to 35 per cent of jobs could be lost in parts of the UK, as businesses struggle to … Read more
The Treasury is planning to ‘get Britain back to work’ in a matter of weeks with new health and safety rules to be enforced in offices, it has been reported. Chancellor Rishi Sunak has been look at way to start allowing non-essential businesses to reopen in a ‘safe and practical way’, keeping coronavirus out of … Read more
‘Dishy Rishi’ Sunak wows viewers as he appears on BBC’s Big Night In fundraiser to announce Government pledge to match all donations Rishi Sunak announced the government would match all Big Night In donations First £20m will go to National Emergencies Trust to help support victims Viewers praised the Chancellor for being ‘normal’ in the TV … Read more