Democrats indicate they are finally ready to sign the phase three economic stimulus package Wednesday, which includes a measure that prohibits Donald Trump’s family businesses from receiving benefits from the coronavirus relief. Senators were finally able to strike a deal overnight on the $2 trillion rescue package to address the fallout from the coronavirus outbreak, … Read more
Fears over £350bn virus bailout: Business groups warn many large firms may not be eligible for BoE’s loan scheme By Tom Witherow For The Daily Mail Published: 21:50 GMT, 23 March 2020 | Updated: 22:09 GMT, 23 March 2020 Thousands of businesses are facing an uncertain future as cracks appear in the Government’s £350billion bailout … Read more
Sir Richard Branson and other billionaire aviation investors should reach into their own pockets and contribute to any bailout deal for the sector, former Ministers have demanded. The Government is thought to be on the verge of agreeing a multi-billion pound rescue deal for airlines and airports – which could include the State taking stakes … Read more
Chancellor Rishi Sunak announces his huge financial relief package at a press conference with Boris Johnson in No. 10 last night Rishi Sunak’s unprecedented bailout promise to underwrite employees’ wages was last night hailed as saving 800,000 jobs during the coronavirus epidemic. The chancellor told last night’s Downing Street press briefing a new grant would cover … Read more
Chancellor Rishi Sunak announces his huge financial relief package at a press conference with Boris Johnson in No. 10 last night Rishi Sunak could have saved around 800,000 jobs with last night’s unprecedented package of measures to help employers keep paying wages during the coronavirus epidemic. Analysts from Capital Economics who were forecasting a 1.5million … Read more
Chancellor Rishi Sunak’s employment support package will cost the taxpayer billions of pounds a month, the Institute for Fiscal Studies (IFS) said tonight. IFS director Paul Johnson said the final cost to the Exchequer of paying up to 80% of the wages of workers whose jobs were under threat from the coronavirus outbreak was ‘unknowable’. … Read more
What is the coronavirus? A coronavirus is a type of virus which can cause illness in animals and people. Viruses break into cells inside their host and use them to reproduce itself and disrupt the body’s normal functions. Coronaviruses are named after the Latin word ‘corona’, which means crown, because they are encased by a … Read more
How is the government paying for the £350billion coronavirus bailout – the equivalent of £5,000 per head – and how will it be paid back? Chancellor Rishi Sunak hailed the massive cash lifeline as ‘unprecedented’ It is thought the government will foot the hefty bill by going further into debt Businesses will be able to … Read more
What is the coronavirus? A coronavirus is a type of virus which can cause illness in animals and people. Viruses break into cells inside their host and use them to reproduce itself and disrupt the body’s normal functions. Coronaviruses are named after the Latin word ‘corona’, which means crown, because they are encased by a … Read more