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We wrote to you in May this year setting out the financial crisis facing football clubs, and particularly those in the English Football League (EFL), because of the loss of match-day revenue resulting from the government’s policies to combat COVID-19. We also detailed a game plan that could be put in place to prevent this. … Read more
Britain can no longer put normal life on hold, Rishi Sunak warned yesterday. As he unveiled his latest rescue package to save jobs, the Chancellor called on the nation to learn to live with coronavirus ‘without fear’. He added that the country could not carry on ignoring the economic impact of the pandemic. Striking a different … Read more
Rishi Sunak’s new help for business and jobs at a glace Furlough scheme will be replaced with a Job Support Scheme (JSS) to ‘directly support’ wages of staff working at least a third of regular hours. Firms will pay workers for hours they work. For regular hours they cannot work, employer and Treasury will both … Read more
Chancellor Rishi Sunak today unveiled his new Winter Economy Plan with a wage subsidy scheme to replace furlough as its centrepiece as he moved to try to stave off massive job losses over the winter. The wage subsidy scheme will see the Government top up the pay of people who can only work part-time. The … Read more
The Queen is to get a bailout from the taxpayer after her land and property investments plummeted due to coronavirus pandemic Treasury said it will top up the Sovereign Grant to help maintain Queen’s income Monarch’s income is based on a 25% share of the profits of the Crown Estate Queen will now be receiving … Read more
Bailout bill tops £100bn but struggling firms beg for more to help them survive new lockdown restrictions By Lucy White For The Daily Mail Published: 22:13 BST, 22 September 2020 | Updated: 22:13 BST, 22 September 2020 Businesses are demanding more taxpayer cash to help them survive new lockdown restrictions, as the Treasury revealed the … Read more
MARKET REPORT: Transport groups start the week in reverse after Government scraps rail franchising model which has been in place since the 1990s By Francesca Washtell For The Daily Mail Published: 22:00 BST, 21 September 2020 | Updated: 22:00 BST, 21 September 2020 Transport groups started the week in reverse after the Government scrapped the … Read more
Virgin Atlantic hails ‘significant milestone in safeguarding its future’ after creditors vote to approve £1.2bn bailout By Matt Oliver For The Daily Mail Published: 22:24 BST, 25 August 2020 | Updated: 22:24 BST, 25 August 2020 Virgin Atlantic hailed ‘a significant milestone in safeguarding its future’ after creditors voted to approve a £1.2billion bailout. The … Read more
Even by their own breathtaking standards of arrogance, it takes some weapons-grade chutzpah for private equity companies to come wheedling for a bailout in the form of loans backed by the British taxpayer. They are, after all, supposed to be ultra-capitalists who make their millions by sheer talent and enterprise. It takes even more cheek … Read more
Fears Rolls-Royce will need billions in taxpayer bailout: Engineer has taken a £3bn Covid pandemic hit By Francesca Washtell For The Daily Mail Published: 21:50 BST, 9 July 2020 | Updated: 21:50 BST, 9 July 2020 Rolls-Royce burned through £3billion of cash during the first six months of the year as coronavirus dealt a hammer-blow … Read more