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

Rishi Sunak’s latest coronavirus bailout package ‘will cost the taxpayer BILLIONS each month’

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

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: Rishi Sunak ‘could REVERSE UK taxes’

Workers in Britain could receive an emergency weekly wage subsidy in what would be the biggest state economic intervention since the Second World War. Chancellor Rishi Sunak is expected to unveil a huge package of wage subsidies today to help save stricken companies and employees amid the coronavirus crisis. Two of the measures being considered … Read more

Rishi Sunak faces demands to escalate £350bn coronavirus bailout

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

£20 billion to prop up the high street: Rishi Sunak opens cash taps to help ailing shops and pubs

Revellers last night ignored government advice to stay at home and partied at pubs and clubs as they remained open, even after the chancellor promised they will be provided with billions of pounds to bail them out during the coronavirus pandemic. As businesses reeled from the effect of consumers being told to stay at home and … Read more

Coronavirus UK: Rishi Sunak unveils £330bn business bailout

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