End of the Cummings purge? Treasury mandarin behind coronavirus bailouts is reappointed for another five years despite claims he topped Whitehall ‘hit list’ Sir Tom Scholar has been reappointed as permanent secretary to the Treasury The mandarin was said to have been on a No10 Whitehall ‘hit list’ last February Dominic Cummings quit Downing Street … Read more
Rishi Sunak unveils £4.6billion of new bailouts for lockdown-stricken businesses with venues getting one off £9,000 grants to keep them afloat – as economists warn of ‘colossal’ hit with up to 10% wiped off GDP every month By James Tapsfield, Political Editor For Mailonline Published: 09:15 GMT, 5 January 2021 | Updated: 09:21 GMT, 5 … Read more
Rishi Sunak has warned of tax rises in the spring and joked about having to confiscate Boris Johnson’s credit card to kerb his spending. The Chancellor made the quip as he prepares to reveal his plan to balance the books and recover from the pandemic in his spending review on Wednesday. He hinted that taxes … Read more
Andy Burnham has called on MPs to ‘reject’ Rishi Sunak’s new coronavirus bailout programme because it will lead to ‘severe redundancies’ across the North of England Manchester Mayor Andy Burnham today called on MPs to ‘reject’ Rishi Sunak’s new coronavirus bailout programme because it will lead to ‘severe redundancies’ across the North of England. The … Read more
A £30billion tax raid on the wealthy is being planned to help pay for the massive cost of coronavirus, it was claimed last night. Treasury officials are said to be drawing up plans to target the better off, businesses and pensions to plug the gap in the nation’s finances. Capital gains tax and corporation tax … Read more
Pope Francis has urged world leaders to only give coronavirus bailouts to companies which protect the environment and help the needy. The 83-year-old pontiff said the pandemic has laid bare inequalities in the world, and it would be a ‘scandal’ if leaders missed the opportunity to fix them. As countries race to return to ‘normal’, … Read more
Cost of government’s coronavirus bailouts is now set to top £130billion as the economy plunges into recession, says watchdog The government’s coronavirus bailouts are now expected to hit £132bn this year The OBR watchdog has revised up its costs from £123bn in middle of last month The UK is facing the deepest recession for 300 … Read more
Chancellor Rishi Sunak is facing mounting pressure to boost his business bailout so that the Government increases its guarantee on loans to struggling firms to 100 per cent. The Treasury will today announce a further £1.25billion package to support innovative firms hit as the coronavirus lockdown causes the economy to stutter to a halt. It … Read more
Michael Gove hints at looming austerity after government’s massive coronavirus bailouts amid fears of 2.75million jobless by June and a 10 per cent hit to GDP Cabinet minister Michael Gove says UK coronavirus debt will have to be paid Government has announced unprecedented bailouts for workers and firms Forecasters warn jobless total could hit 2.75m … Read more
Bosses who have squeezed cash out of their companies and now want taxpayer help should be forced to give up a chunk of their pay, a senior member of the Rothschild banking dynasty has said. In a damning intervention, Nat Rothschild told The Mail on Sunday there ‘has to be a price’ for being caught … Read more