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 coronavirus bailout for millions of stricken self-employed workers tonight – handing them cash payments of up to £2,500 a month. A week after announcing a massive rescue package for employees, the Chancellor announced support for taxi drivers, musicians, gig economy workers and freelancers. Saying he knew people were ‘worrying about … Read more
ALEX BRUMMER: Rishi Sunak baulks over a bailout for Britain’s 5m self-employed workers By Alex Brummer for the Daily Mail Published: 21:51 GMT, 25 March 2020 | Updated: 21:55 GMT, 25 March 2020 The demands from Britain’s 5m selfemployed and freelance workers for a parallel bail-out to those on Paye has been unrelenting, and a … 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
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
Fears over £350bn virus bailout: Business groups warn many large firms may not be eligible for BoE’s loan scheme By Tom Witherow For The Daily Mail Published: 21:50 GMT, 23 March 2020 | Updated: 22:09 GMT, 23 March 2020 Thousands of businesses are facing an uncertain future as cracks appear in the Government’s £350billion bailout … Read more
For ten years, we were told there was no magic money tree. But austerity is over. In war, everything is different – and what we are witnessing is a classic case of war financing by the Government. The Chancellor Rishi Sunak is putting no limit on what he spends both to combat the coronavirus pandemic … Read more
Sir Richard Branson and other billionaire aviation investors should reach into their own pockets and contribute to any bailout deal for the sector, former Ministers have demanded. The Government is thought to be on the verge of agreeing a multi-billion pound rescue deal for airlines and airports – which could include the State taking stakes … Read more
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
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