The Government has produced a second top secret dossier laying bare the devastating impact coronavirus lockdowns have had on the British economy – but Boris Johnson won’t release it, it was revealed today. Ministers are said to have designated a dozen industry sectors as ‘red’ – meaning they face significant job cuts and plunging revenues … Read more
Boris Johnson faces major revolt from MPs after dossier on tier system’s economic impact is slammed for containing no new information Ministers had hoped a 48-page report would head off Tory mutiny over the plans Critics say dossier does not shed enough light on likely impact of tiered system Sources conceded dozens of Tory MPs … Read more
Rapid economic recovery next year could allow Rishi Sunak to delay tax rises until 2022, ministers hope Chancellor Rishi Sunak refused to commit to the Tories’ triple tax lock Senior Treasury ministers are waiting until the end of the coronavirus pandemic A source told The Telegraph tax rises would not come any time soon Mr … Read more
Rapid economic recovery next year could allow Rishi Sunak to delay tax rises until 2022, ministers hope Chancellor Rishi Sunak refused to commit to the Tories’ triple tax lock Senior Treasury ministers are waiting until the end of the coronavirus pandemic A source told The Telegraph tax rises would not come any time soon Mr … Read more
‘Our health emergency is not yet over,’ the Chancellor of the Exchequer said yesterday. ‘And our economic emergency has only just begun.’ Facing the steepest downturn since the Great Frost of 1709 – a slump in output of 11.3 per cent – Rishi Sunak said he was ready to spend, spend, spend to drag the … Read more
Britain’s coronavirus-ravaged economy will plunge even further if it fails to agree a Brexit trade deal with the EU, ministers were warned today. The Office for Budget Responsibility (OBR) said that UK GDP could fall an additional two per cent next year if no agreement is in place before December 31. This is on top … Read more
A secret government memo has warned of a ‘systemic economic crisis’ when Britain leaves the European Union in the midst of the coronavirus pandemic’s second wave. The Cabinet Office dossier raises the spectre of a perfect storm: ‘severe flooding, pandemic influenza, a novel emerging infectious disease and coordinated industrial action, against a backdrop of the … Read more
A secret government memo has warned of a ‘systemic economic crisis’ when Britain leaves the European Union in the midst of the coronavirus pandemic’s second wave. The Cabinet Office dossier raises the spectre of a perfect storm: ‘severe flooding, pandemic influenza, a novel emerging infectious disease and coordinated industrial action, against a backdrop of the … Read more
They are the figures that should give any government pause for thought — a terrifying reflection of the catastrophic effect on the economy of the pandemic. This Mail analysis of the financial cost of the virus — to jobs, the economy, businesses and the public finances — could not be more sobering. It follows our … Read more
They are the figures that should give any government pause for thought — a terrifying reflection of the catastrophic effect on the economy of the pandemic. This Mail analysis of the financial cost of the virus — to jobs, the economy, businesses and the public finances — could not be more sobering. It follows our … Read more