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EasyJet secures £1.4bn state-backed bailout to help struggling budget airline survive coronavirus pandemic By Matt Oliver For The Daily Mail Published: 22:14 GMT, 8 January 2021 | Updated: 22:15 GMT, 8 January 2021 EasyJet last night secured a £1.4billion state-backed bailout to help the struggling budget airline survive the pandemic. The firm said the five-year … Read more
Train fares will be frozen until March… before soaring by 2.6%: Passengers will bear the brunt of Government’s bailout of rail companies during pandemic Fares usually rise in January and are linked to the retail prices index (RPI) The cost of an average annual season ticket will go up from £3,064 to £3,144 Fare rise … Read more
Government set to lose almost £40bn on 2008 bailout of Natwest: Treasury pledges to offload its stake by 2024-25 By Lucy White For The Daily Mail Published: 21:51 GMT, 26 November 2020 | Updated: 21:51 GMT, 26 November 2020 The Government will lose almost £40billion on its 2008 bailout of Natwest after the coronavirus crisis … Read more
Rugby union will receive a bailout totalling £135million as part of English sport’s coronavirus relief package, the government have announced. The Department for Digital, Culture, Media and Sports (DCMS) will provide £44m to the Rugby Football Union, £59m to Premiership Rugby clubs, £9m to clubs in the Championship and £23m to clubs below the Championship. The … Read more
Britain’s biggest nightclub group asking Government for £1m-a-month bailout as it heads for a sale to private equity vultures By Harriet Dennys, Financial Mail On Sunday Published: 21:51 GMT, 14 November 2020 | Updated: 23:22 GMT, 14 November 2020 Britain’s biggest nightclub group is asking the Government for a £1million-a-month bailout as it heads for … Read more
Ryanair boss Michael O’Leary says Government should not give airlines bailout to survive lockdown – despite rivals’ pleas for further state aid By Harriet Dennys, Financial Mail On Sunday Published: 21:51 GMT, 7 November 2020 | Updated: 21:51 GMT, 7 November 2020 Ryanair boss Michael O’Leary has said the Government should not give airlines a … Read more
Transport for London secures £1.8 billion bailout to keep it operating over winter as Sadiq Khan claims he succeeded in ‘killing off the very worst Government proposals’ Transport for London has secured a £1.8 billion bailout from the Government The agreement enables TfL to continue operating services until March 2021 London Mayor Sadiq Khan claimed … Read more
Experts voiced shock that Rishi Sunak does not know how much his latest huge coronavirus bailout will cost – as gloomy figures showed the UK economic recovery is slowing. The respected IFS think-tank said it was ‘extraordinary’ that the Treasury failed to provide a clear estimate for the huge package unveiled by the Chancellor yesterday. … 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 £1.2billion. 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. If there is full take-up it could cost £1.2billion. 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