Chancellor Rishi Sunak ‘is working on new bailout package for businesses affected by coronavirus’ Chancellor Rishi Sunak to speak with PM on the economic impact of coronavirus The Prime Minister has told Britons to avoid pubs and clubs amid the outbreak But business owners fear that they may lose their livelihoods as firms go bust … Read more
Chancellor Rishi Sunak ignored calls to increase financial support for parents in the Budget last week. Last year, the Conservatives pledged to create a fund to create more affordable childcare. The cost of childcare has outstripped inflation in the last year and many parents face the prospect of giving up work, thanks to the struggles … Read more
Personal Finance’s Sarah Bridge and Toby Walne assess the big changes to stem from last Wednesday’s Budget – and the accompanying cut in Bank Base Rate to 0.25 per cent. HAMMER BLOW FOR SAVERS – SO SHOP AROUND FOR BEST OFFERS Hard-pressed savers had have little to cheer about recently – and last week’s rate … Read more
Rishi Sunak today unveiled a massive £30billion bonanza to stop coronavirus plunging Britain into Italy-style chaos – as he effectively reversed a decade of austerity. Delivering his crucial first Budget, the Chancellor admitted that people were ‘worried’ and the killer disease will inevitably have a major impact on the economy. But he insisted the government … Read more
Fuel duty frozen for tenth consecutive year as reluctant Chancellor concedes that ‘many people still rely on their cars’ Taxation on petrol and diesel will remain at 57.95p per litre, as it has since 2011 Sunak said ‘we can no longer afford to freeze fuel duty’ but conceded that people still rely on cars Fuel … Read more
Cheers! Chancellor FREEZES tax on beer, wine AND cider in major budget boost to stop pubs shutting during coronavirus crisis By David Wilcock, Whitehall Correspondent For Mailonline Published: 13:12 GMT, 11 March 2020 | Updated: 13:16 GMT, 11 March 2020 Drinkers will be raising a glass to Rishi Sunak after he stepped away from increasing … Read more
Rishi Sunak today unveiled a massive £30billion plan to stop coronavirus plunging Britain into Italy-style chaos. Delivering his crucial first Budget, the Chancellor admitted that people were ‘worried’ and the disease will inevitably have a major impact on the economy. But he insisted the government will do ‘everything it can’ to keep the country ‘healthy … Read more
BUDGET 2020 AT A GLANCE: The key points of Chancellor Rishi Sunak’s crucial speech as it happens By Alex Sebastian For This Is Money Published: 12:26 GMT, 11 March 2020 | Updated: 12:39 GMT, 11 March 2020 As the newly-installed Chancellor Rishi Sunak gets to his feet to deliver his and this Government’s first Budget … Read more
Rishi Sunak will today pledge billions to shore up the economy during the coronavirus outbreak. The Chancellor, whose first Budget has had to be rewritten as the deadly virus spreads, will unveil a string of measures to try to save solid businesses from bankruptcy. He will also announce a massive £600billion boost for infrastructure. Treble … Read more
When the financial crisis of 2008 hit, the then prime minister Gordon Brown was ready with the big bazooka. With two of the nation’s biggest banks, Royal Bank of Scotland and Lloyds-HBOS just hours from running out of cash, the then Labour government launched a near one-trillion-pound rescue package for big banks, business and consumers. … Read more