A big man – and a bigger politician – admits he was wrong. I applaud Rishi Sunak for acknowledging yesterday that his Job Support Scheme, which had aimed to protect jobs during local lockdowns, was not fit for purpose. Ruinously for pubs and restaurants, Tier Two restrictions stop people from different households mixing together indoors. … Read more
Pub and restaurant bosses today welcomed Rishi Sunak‘s ‘new furlough scheme’ to help those in the hospitality sector – as others warned it will still be a tough winter for many. The Chancellor has unveiled another bailout worth billions of pounds in a bid to boost support for stricken businesses under Tier Two lockdown and … Read more
Rishi’s new bailout Firms in Tier 2 lockdown eligible for £2,100-a-month grants, potentially benefiting 150,000 businesses. If there is full take-up it could cost £1billion. Job Support Scheme changed so employers pay just 5 per cent of unworked hours – down from a third – and the minimum threshold for hours worked will be one day … Read more
Rishi’s new bailout Firms in Tier 2 lockdown eligible for £2,100-a-month grants, potentially benefiting 150,000 businesses. Job Support Scheme changed so employers pay just 5% of unworked hours – down from a third – and the minimum threshold for hours worked will be one day a week instead of 33%. Self-employed grants increased to cover … Read more
Rishi Sunak will today unveil yet another bailout amid warnings that thousands of bars and restaurants in Tier Two lockdown areas face going bust. In a dramatic Commons statement this morning, the Chancellor is expected to boost support for sectors like hospitality by hundreds of millions of pounds, after a wave of anger at ‘loopholes’ in … Read more
Rishi Sunak’s old boss at Goldman Sachs ‘is in the running’ to become £160,000-a-year BBC chairman Richard Sharp believed to be applying for the prestigious role at the corporation The multi-millionaire Tory donor worked with the Chancellor at banking giant It comes as George Osborne has pulled out of the race for the high-profile role … Read more
Rishi Sunak will today launch a new rescue package to help firms hit by Covid restrictions retain their staff. The Chancellor will update MPs this morning on a package of support set to cost hundreds of millions of pounds to help firms in sectors such as hospitality, which have been badly hit by new restrictions … 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
A growing feud between Andy Burnham and top ministers is set to intensify after the Labour mayor labelled Rishi Sunak ‘the problem’ in a row over tighter coronavirus restrictions in Greater Manchester. The mayor of Greater Manchester, who has called for more financial support for the area ahead of plans to plunge it into a Tier … Read more
Burnham’s enjoying a ‘soapbox moment’: Manchester Mayor accused of attention seeking as Treasury warns Boris not to write blank cheque Chancellor Rishi Sunak was warned the PM about caving in to Andy Burnham The Manchester mayor wishes to secure additional funding for his region Downing Street sources are worried about what may happen in this … Read more