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 last night hinted that future taxes will have to rise to pay for the unprecedented economic bailouts for business, workers and the self-employed. Unveiling a huge rescue package for Britain’s army of self-employed workers, the Chancellor said he had set aside economic orthodoxy to deal with the national emergency, but warned that would … Read more
SIMON WALTERS: Mr Moneybags Rishi Sunak has made it abundantly clear about coronavirus aid packages… he wants it all back By Simon Walters for the Daily Mail Published: 22:16 GMT, 26 March 2020 | Updated: 02:43 GMT, 27 March 2020 DURING his six weeks as Chancellor, the sight of Rishi Sunak standing at the … Read more
Rishi Sunak last night hinted that future taxes will have to rise to pay for the unprecedented economic bailouts for business, workers and the self-employed. Unveiling a huge rescue package for Britain’s army of self-employed workers, the Chancellor said he had set aside economic orthodoxy to deal with the national emergency, but warned that would … 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
Barclays was last night accused of charging struggling firms up to 12 per cent interest on Government-backed crisis loans. Major banks have also come under fire for telling company directors their personal assets will be seized if their businesses fail. The Coronavirus Business Interruption Loan Scheme was launched by 40 lenders on Monday as part … Read more
Both Boris Johnson and the Chancellor Rishi Sunak have said they will spend ‘whatever it takes’ to beat coronavirus. Neither of them has the faintest idea what the final cost will be. By offering vast loans of hundreds of billions of pounds to companies (some of which may never be paid back), and by paying … 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
Boris Johnson is facing fury today over his apparent failure to support self-employed workers during the coronavirus crisis amid claims he will soon offer them 80 per cent of their incomes to stop them falling into poverty. The Prime Minister held a Cabinet meeting in Number 10 this morning, just hours after he put the UK … Read more