Bus firms’ shares revved higher after the Government offered them a further bailout package. Companies will receive £167m of funding over the next three months on the condition that they keep running up to 50 per cent of their services in England. The rescue comes on top of another promise of Government support, worth £230m, … Read more
More of Britain’s biggest firms revealed plans yesterday to suspend tens of thousands of staff in a move which could cost the taxpayer up to £60billion over the next six months. In a vivid illustration of the impact of coronavirus on the economy, British Airways, Nissan, Topshop owner Arcadia and energy firm Ovo all announced … Read more
More of Britain’s biggest firms revealed plans yesterday to suspend tens of thousands of staff in a move which could cost the taxpayer up to £60billion over the next six months. In a vivid illustration of the impact of coronavirus on the economy, British Airways, Nissan, Topshop owner Arcadia and energy firm Ovo all announced … Read more
Chancellor Rishi Sunak will order banks to hand over loans to struggling firms as ‘one million businesses teeter on the brink of collapse’ because government backed schemes are not being passed on and companies ‘furlough half their staff’ New survey of business suggests there is a massive take up of furlough scheme Some 44 per … Read more
The House on Friday passed a $2 trillion coronavirus rescue package, defeating a move by a rogue lawmaker to hold up a vote on the legislation, which now heads to President Donald Trump for his signature. The threat from Republican Congressman Thomas Massie of Kentucky united President Trump, Speaker Nancy Pelosi and House GOP Leader Kevin … Read more
Rishi Sunak’s multi-billion-pound coronavirus bailout has left hundreds of thousands of self-employed workers ‘close to a cliff edge’. The Chancellor unveiled a scheme handing out cash grants worth up to £2,500 a month, in a boost for taxi drivers, musicians, gig economy workers and freelancers. Many welcomed the move but some have reacted negatively, with roofers, directors, … Read more
Rishi Sunak finally unveiled a multi-billion-pound coronavirus bailout for millions of stricken self-employed workers tonight – but left hundreds of thousands just above a ‘cliff edge’ cut-off wondering how they will make ends meet. Ken Price, 50, who works as a roofer across London and the southeast, said he was concerned people were being made … Read more
Rishi Sunak finally unveiled a multi-billion-pound coronavirus bailout for millions of stricken self-employed workers tonight – but left hundreds of thousands just above a ‘cliff edge’ cut-off wondering how they will make ends meet. The Chancellor unveiled a scheme handing out cash grants worth up to £2,500 a month, in a massive boost for taxi drivers, musicians, … Read more
ALEX BRUMMER: Rishi Sunak baulks over a bailout for Britain’s 5m self-employed workers By Alex Brummer for the Daily Mail Published: 21:51 GMT, 25 March 2020 | Updated: 21:55 GMT, 25 March 2020 The demands from Britain’s 5m selfemployed and freelance workers for a parallel bail-out to those on Paye has been unrelenting, and a … Read more
Boris Johnson was berated over the failure to bail out self-employed workers today as the benefits system struggles to cope with the coronavirus fallout. The PM insisted government is working ‘as fast as possible’ despite warnings that millions have lost their incomes due to the ‘social distancing’ lockdown. There are signs that Chancellor Rishi Sunak … Read more