Experts voiced shock that Rishi Sunak does not know how much his latest huge coronavirus bailout will cost – as gloomy figures showed the UK economic recovery is slowing. The respected IFS think-tank said it was ‘extraordinary’ that the Treasury failed to provide a clear estimate for the huge package unveiled by the Chancellor yesterday. … Read more
Rishi’s new bailout Firms in Tier 2 lockdown eligible for £2,100-a-month grants, potentially benefiting 150,000 businesses. If there is full take-up it could cost £1.2billion. Job Support Scheme changed so employers pay just 5 per cent of unworked hours – down from a third – and the minimum threshold for hours worked will be one day … Read more
Rishi’s new bailout Firms in Tier 2 lockdown eligible for £2,100-a-month grants, potentially benefiting 150,000 businesses. If there is full take-up it could cost £1.2billion. Job Support Scheme changed so employers pay just 5 per cent of unworked hours – down from a third – and the minimum threshold for hours worked will be one day … Read more
Sunak’s latest bailout package sends Britain’s annual budget deficit towards £400bn By Daily Mail City & Finance Reporter Published: 21:56 BST, 22 October 2020 | Updated: 22:30 BST, 22 October 2020 Rishi Sunak’s latest bailout package for businesses could push Britain’s annual budget deficit above £400billion, experts warned last night. Business leaders hailed the generosity … Read more
The Welsh Government will nationalise its railways after last ditch talks with its current operator failed, it has been announced today. Welsh political leaders had been in talks with KeolisAmey about a possible bailout due to a fall in passenger numbers in the midst of the Covid-19 pandemic. But the negations have now fallen through. … Read more
London drivers could have to pay £27.50 a day if they drive an old polluting car through the center of the city under new congestion charge Sadiq Khan claims ministers are demanding he vastly extends congestion zone Some motorists could be charged twice if they also travel through the ULEZ Boris Johnson yesterday accused Mr … Read more
London drivers could have to pay £27.50 a day if they drive an old polluting car through the center of the city under new congestion charge Sadiq Khan claims ministers are demanding he vastly extends congestion zone Some motorists could be charged twice if they also travel through the ULEZ Boris Johnson yesterday accused Mr … Read more
The EFL have rejected the Premier League’s £150million rescue package because they do not accept the conditions attached to what is primarily a loan. The offer of financial help, which was ordered by the Government to get football through the pandemic, is not a part of the Project Big Picture plan which has rocked the … Read more
Ministers are today desperately looking for ways to prevent businesses collapsing as Boris Johnson prepares to impose tougher lockdowns across a swathe of the country. Chancellor Rishi Sunak is putting together a package expected to resemble the soon-to-expire furlough scheme, but targeted at local areas hit with restrictions under a new ‘traffic light’ system. The mechanism … Read more
Ministers are today desperately looking for ways to prevent businesses collapsing as Boris Johnson prepares to impose tougher lockdowns across a swathe of the country. Chancellor Rishi Sunak is putting together a package expected to resemble the soon-to-expire furlough scheme, but targeted at local areas hit with restrictions under a new ‘traffic light’ system. The mechanism … Read more