Rishi waves the cheque book AGAIN: Chancellor unveils multi-billion pound investment with £100bn on infrastructure, £20bn on housing and £19bn on transport in bid to dig Britain out of Covid black hole By Mark Duell for MailOnline Published: 13:55 GMT, 25 November 2020 | Updated: 13:55 GMT, 25 November 2020 Advertisement Rishi Sunak today revealed … Read more
Rishi Sunak today announced he is slashing the UK’s foreign aid budget as he put the Government on a collision course with furious Tory MPs and charity bosses. The Chancellor said the current legal commitment to spend 0.7 per cent of gross domestic product on overseas aid was ‘difficult to justify’ during the coronavirus crisis … Read more
Rishi fails to rally FTSE with pledge to splash MORE cash: London markets tumble with 42-point slide by 0.65% to 6,390 as Spending Review lays bare Britain’s grave economic state FTSE 100 down at 6,390 soon after Rishi Sunak began speaking in Commons Index of Britain’s biggest companies had been up at 6,464 in early … Read more
Chancellor Rishi Sunak announces public sector pay freeze for next year but NHS workers will be exempt while the lowest paid will also get an increase… while most private sector workers go without a wage hike By Jack Maidment, Deputy Political Editor For Mailonline Published: 13:10 GMT, 25 November 2020 | Updated: 13:10 GMT, 25 … Read more
Rishi Sunak warned Cabinet they face a ‘sobering’ economic situation today as he prepares another spending splurge to shore up jobs and businesses before vaccines finally end the coronavirus crisis. The Chancellor briefed ministers ahead of a Spending Review that will pump billions of pounds into retraining the unemployed, as well as boosting infrastructure, the NHS … Read more
The foreign aid budget is to be slashed by £4billion a year, Rishi Sunak will announce today. Spending will fall to around £10billion next year for the first time in almost a decade as the Chancellor struggles to fill the black hole in the nation’s finances. Rather than making it a one-off cut, ministers will … Read more
Rishi Sunak will pledge a fighting fund worth almost £3billion at tomorrow’s Spending Review to help one million unemployed people find a job as UK recovers from the coronavirus crisis Chancellor Rishi Sunak will tomorrow set out his one-year Spending Review The review will include £2.9billion over three years for a new Restart scheme The … Read more
Britain will get new HQ to tackle terrorism: Police and intelligence agents will work together in new unit as Rishi Sunak pledges tens of millions of pounds to fight terror threat Rishi Sunak to pledge tens of millions of pounds toward counter-terrorism unit First sections of new state-of-the-art building will be ready to use by … Read more
Chancellor Rishi Sunak ‘is set to cancel proposed 5.6% rise in the national living wage for two million workers’ amid fears it could force firms hit by Covid-19 out of business Plans to raise national living wage by five per cent next April will be put on hold Decision means many frontline workers will see … Read more
Rishi Sunak is readying billions of pounds more for infrastructure, the NHS and defence in what looks like a final splurge as the coronavirus crisis hammers the public finances. The Chancellor will use the spending review on Wednesday to push ahead with huge investment on schools, hospitals, colleges and prisons to meet Tory election pledges. … Read more