REVEALED: Fraudsters raid Chancellor Rishi Sunak’s loan fund – probe finds criminal gangs exploit loopholes in £35bn business bounce back scheme Taxpayers could be hit by a huge fraud time-bomb More than 1.15million businesses have borrowed up to £50,000 each under the flagship scheme By Helen Cahill, Financial Mail On Sunday Published: 21:52 BST, 22 … Read more
Diners have eaten more than 35million Eat Out To Help Out meals under Rishi Sunak‘s half-price scheme. The scheme – which started on August 3 – saw some 24.5million dishes enjoyed by Britons in 85,000 participating restaurants in its second week. This figure is nearly double the 10million who took advantage between August 3 and August 9. … Read more
Rishi Sunak’s dishes will last until the autumn as some of Britain’s most popular restaurants celebrate an ‘incredible’ boost from the scheme Diners last week queued outside pubs and restaurants for Eat Out to Help Out A former Pizza Express chief executive said sales soared by up to 48 per cent The surge in demand has … Read more
Diners looking to take advantage of the Government’s 50 per cent discount scheme from Monday can take a deeper gobble out of the cost, if they have an American Express credit card. Its ‘Shop Small’ campaign has been running since late June and gives those who spend at least £10 in participating shops and restaurants … Read more
Caterers of funerals, weddings, corporate conferences and other events have been left out of the Chancellor’s £4.1billion tax cut for the hospitality industry, official guidelines suggest. The £70billion UK events industry has been on its knees as a result of the coronavirus pandemic, with caterers seeing months of event bookings vanish overnight and some seeing … Read more
For many people the abiding memory of this month’s mini-Budget was the sight of a maskless Rishi Sunak handing out ramen at Wagamama. Whatever we may think of his ability as a waiter, Chancellor Dishy Rishi has served up yet more measures aimed at boosting the UK economy. Some of what was announced, including bonuses … Read more
Government is accused of ‘corrosive’ lack of transparency as experts say a THIRD of Rishi Sunak’s £30bn deal to save jobs comes from previously planned projects IFS critical of ‘lack of transparency’ from Treasury which is ‘corrosive to trust’ Proposals to be partly funded by spending cuts on previous projects, IFS said Sunak’s Plan for … Read more
Primark ‘rejects Rishi Sunak’s £30million bonus for bringing back staff from furlough’ amid pressure on other firms to shun the payouts Primark expected to reject £30million bonus for bringing back furloughed staff Rishi Sunak announced £9billion payments for firms in mini-Budget last week Chancellor admitted funding will go to many businesses already up and running … Read more
Chancellor Rishi Sunak’s ex-boss takes aim at fund managers: Fire them if they don’t hold big firms to account, says hedge fund boss Sir Chris Hohn Sir Chris Hohn’s firm TCI Fund Management was the world’s best performing hedge fund last year Activists such as TCI, as well as Elliott, Paulson and Nelson Peltz’s Trian … Read more
Yesterday, Chancellor Rishi Sunak delivered his summer economic update which set out a ‘Plan for Jobs’ and included benefits to keep the hospitality industry afloat. He announced a package of measures which he said would help to retain jobs and give business the confidence to retain and hire staff. These included: a one off £1,000 Job … Read more