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
Chancellor considering plans to offer 100% government guarantees on loans to up to 1m of UK’s smallest firms after pressure from Tory MPs and Bank By Daily Mail City & Finance Reporter Published: 21:55 BST, 24 April 2020 | Updated: 21:55 BST, 24 April 2020 The Chancellor is considering plans to offer 100 per cent … 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
Chancellor Rishi Sunak is facing mounting pressure to boost his business bailout so that the Government increases its guarantee on loans to struggling firms to 100 per cent. The Treasury will today announce a further £1.25billion package to support innovative firms hit as the coronavirus lockdown causes the economy to stutter to a halt. It … Read more
ALEX BRUMMER: Donald Trump may be crazy but efforts of his business and financial team put those of Rishi Sunak and our own banking pygmies in shade By Alex Brummer for the Daily Mail Published: 21:50 BST, 17 April 2020 | Updated: 22:18 BST, 17 April 2020 One of the great hobbies of the British … Read more
Rishi Sunak tonight warned of ‘more tough times to come’ amid warnings the economy faces shrinking by more than a third this quarter with two million people made jobless. The Chancellor said people should brace for ‘hardship’ as he insisted the hit from the lockdown measures designed to combat the deadly coronavirus would be ‘temporary’. … Read more