Billionaire Phones4U founder John Caudwell to discuss his proposals to reboot economy with Treasury By Alex Lawson, Financial Mail On Sunday Published: 21:50 GMT, 19 December 2020 | Updated: 22:27 GMT, 19 December 2020 Vision: Billionaire John Caudwell has outlined plans for a huge investment drive Billionaire Phones4U founder John Caudwell is to discuss his proposals … Read more
The Treasury has said it must consider how to offset a fiscal black hole from lost tax income when drivers transition to electric vehicles in its latest report. It said it will be forced to increase other taxes or cut funding for services to compensate for the loss in taxes on polluting cars as well … Read more
RUTH SUNDERLAND: Setting up Treasury North on Teesside would be a huge show of faith – it would be an investment that will deliver real returns Rishi Sunak sees himself as a Northern Chancellor but does not conform to the old Andy Capp stereotype His plan to tilt the balance of economic power away from … Read more
Boris Johnson drafts in former Treasury aide Dan Rosenfield who worked for George Osborne as new No10 chief of staff after Dominic Cummings ousting Boris Johnson has appointed Dan Rosenfield as his new Downing St chief of staff The move comes after power struggle that saw Dominic Cummings ousted Mr Rosenfield worked in the Treasury … Read more
President-elect Joe Biden has chosen former Federal Reserve Chair Janet Yellen to serve as treasury secretary, a pivotal role in which she would help shape and direct his economic policies at a perilous time, according to a person familiar with the transition plans. Yellen, who is widely admired in the financial world, would be the … Read more
The Treasury failed to create any specific forecasts of the effect of the second lockdown on the UK economy, its chief economist admitted today. Clare Lombardelli told MPs the finance ministry provided ministers with analysis before they decided on the four-week shutdown to December 2. But she confirmed she and her team ‘haven’t looked at … Read more
Rishi Sunak is working on package to help companies stuck in Tier Two coronavirus lockdown, says Treasury staff The Chancellor is considering ‘range of measures’ to help restricted businesses Rishi Sunak underlined the economic damage caused by Covid-19 restrictions Finance officials have predicted the GDP will be 3 per cent smaller in long term By … Read more
Is Rishi about to announce a Tier Two bailout? Treasury insists ‘evolving and comprehensive’ support for business amid backlash from pubs and restaurants as Chancellor is ‘acutely aware of financial costs’ on those firms Chancellor Rishi Sunak under pressure to bring forward more help for business Extra help has been pledged for companies in Tier … Read more
Defence minister Johnny Mercer calls on Treasury to fork out thousands of pounds for hero Commonwealth veterans who are forced to pay for visas to stay in the UK Defence minister Johnny Mercer wants to help Commonwealth military veterans Commonwealth citizens can apply for indefinite leave to remain after four years However, they face bills … Read more
Rishi Sunak is drawing up plans for a new German-style wage subsidy scheme to prop up the UK economy and avoid a wave of job losses when furlough comes to an end, it was claimed today. The Chancellor is being urged by business chiefs to ‘get around the table’ and agree new job support measures after … Read more