Global stocks surge again: Footsie rallies 4.5% after US agrees $2trillion rescue package By Daily Mail City & Finance Reporter Published: 21:51 GMT, 25 March 2020 | Updated: 21:55 GMT, 25 March 2020 Relief: Stock markets continued their exuberant upswing yesterday after weeks of catastrophic losses for investors Stock markets continued their exuberant upswing yesterday after … Read more
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
Rishi Sunak to announce cash bail-out for five million self-employed Britons facing coronavirus ruin – after promise to cover 80% of laid-off workers’ incomes Chancellor Rishi Sunak is preparing the fresh coronavirus economic bailout Follows announcement that Government would cover 80% of employers’ wages Musicians said the outbreak caused ‘complete shutdown of our places of work’ … 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
The FTSE fell again this morning despite early morning rises as the markets continue to be rocked by the coronavirus pandemic. It comes the day after the pound slumped to a 35-year low against the US dollar as the Chancellor’s £350billion coronavirus bailout failed to calm the markets. Europe’s stock markets initially rebounded today, as … 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
Bailout to stop Britain going bust: Chancellor Rishi Sunak is warned he must pump HUNDREDS OF BILLIONS of pounds into aid for stricken businesses to avoid MILLIONS losing their jobs amid coronavirus crisis Chancellor Rishi Sunak set to unveil package to ease impact of coronavirus The Prime Minister has told Britons to avoid pubs and … Read more