Chancellor Rishi Sunak ‘saves 800,000 jobs with employer bailout’

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 ‘saves 800,000 jobs with employer bailout’

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

HENRY DEEDES: Chancellor Rishi Sunak has nitrogen in his blood… but oozes compassion 

Tennis aficionados used to insist that Bjorn Borg had ice in his blood.  The bigger the challenge, it was said, the better the Swede used to play.  Judging by his appearances over the past week, we must therefore assume that through Rishi Sunak’s bulging veins flows nothing but pure liquid nitrogen.  For the third time … Read more

HENRY DEEDES: Chancellor Rishi Sunak has nitrogen in his blood… but oozes compassion 

Tennis aficionados used to insist that Bjorn Borg had ice in his blood.  The bigger the challenge, it was said, the better the Swede used to play.  Judging by his appearances over the past week, we must therefore assume that through Rishi Sunak’s bulging veins flows nothing but pure liquid nitrogen.  For the third time … Read more

Chancellor Rishi Sunak steps in to stop mass coronavirus layoffs

Chancellor Rishi Sunak told Britons they will not face the coronavirus crisis ‘alone’ tonight as he unveiled a huge new coronavirus bailout. He said the government will cover 80 per cent of salaries up to £2,500 a month, with workers staying on the books of employers, and there will be no limit on the total … Read more

Chancellor Rishi Sunak ‘could underwrite £17,000 of salary’ for workers

Chancellor Rishi Sunak could underwrite around £17,000 of every worker’s salary in huge new coronavirus bailout today. The massive rescue package is set to be unveiled by Mr Sunak and Boris Johnson after furious complaints that they were not doing enough for ordinary people. There have been warnings that GDP could be slashed by a … Read more

Coronavirus UK: Chancellor works on bailouts for businesses

Chancellor Rishi Sunak ‘is working on new bailout package for businesses affected by coronavirus’ Chancellor Rishi Sunak to speak with PM on the economic impact of coronavirus The Prime Minister has told Britons to avoid pubs and clubs amid the outbreak But business owners fear that they may lose their livelihoods as firms go bust … Read more

Coronavirus UK: Chancellor works on bailouts for businesses

Chancellor Rishi Sunak ‘is working on new bailout package for businesses affected by coronavirus’ Chancellor Rishi Sunak to speak with PM on the economic impact of coronavirus The Prime Minister has told Britons to avoid pubs and clubs amid the outbreak But business owners fear that they may lose their livelihoods as firms go bust … Read more

Chancellor missed an opportunity to help parents with above-inflation rises in childcare costs

Chancellor Rishi Sunak ignored calls to increase financial support for parents in the Budget last week.  Last year, the Conservatives pledged to create a fund to create more affordable childcare. The cost of childcare has outstripped inflation in the last year and many parents face the prospect of giving up work, thanks to the struggles … Read more

Coronavirus UK: Chancellor Rishi Sunak commits £30bn in budget

Rishi Sunak today unveiled a massive £30billion bonanza to stop coronavirus plunging Britain into Italy-style chaos – as he effectively reversed a decade of austerity. Delivering his crucial first Budget, the Chancellor admitted that people were ‘worried’ and the killer disease will inevitably have a major impact on the economy. But he insisted the government … Read more