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

How is the government paying for the £350billion coronavirus bailout and how will it be paid back?

How is the government paying for the £350billion coronavirus bailout and how will it be paid back? Chancellor Rishi Sunak hailed the massive cash lifeline as ‘unprecedented’  It is thought the government will foot the hefty bill by going further into debt  Businesses will be able to ‘walk into their local bank branches’ to request … Read more

Coronavirus UK: Rishi Sunak unveils £350bn 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

Donald Trump’s UK travel ban piles pressure on BA as Virgin Atlantic demands £7.5billion bailout

Donald Trump’s UK travel ban piles pressure on beleaguered BA, which relies on £1billion-a-year transatlantic route, as Virgin Atlantic demands £7.5billion government bailout for the struggling airline industry BA’s CEO Alex Cruz told employees the airline was fighting for its survival Now Donald Trump’s travel ban will further impact the already struggling BA  Passengers are … Read more

Coronavirus: UK businesses will need bailout, says bank chief

Businesses will need a bailout from government to get over the ‘shock’ of coronavirus, the new chief of the Bank of England said today. Andrew Bailey warned there would be ‘damage’ to the economy from the virus, saying small firms in particular would need help. With a week to go until Chancellor Rishi Sunak delivers … Read more