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Top civil servant at HM Revenue & Customs refused to sign off on Rishi Sunak’s £9bn furlough jobs bonus plan and discounts on eating out because of doubts they are ‘value for money’ Rishi Sunak has been defending latest huge coronavirus response package HMRC chief Jim Harra asked for specific instruction to proceed with policies … Read more
Rishi Sunak admits jobs WILL be lost despite latest massive ‘mini-Budget’ bailout as he begs Britons to ‘relearn’ the habits of eating out and dismisses claims his ‘bonus’ for firms bring back furloughed staff is a £9bn gimmick By James Tapsfield, Political Editor For Mailonline Published: 07:56 BST, 9 July 2020 | Updated: 07:58 BST, … Read more
Slash fat cat pay and cut carbon emissions or you’ll get no bailout cash, firms are warned By Matt Oliver For The Daily Mail Published: 22:16 BST, 8 July 2020 | Updated: 22:16 BST, 8 July 2020 Vital businesses that require coronavirus bailouts from the Government will be told to slash fat cat pay and … Read more
Theatres might not be open until next year, Oliver Dowden warned today – as he unveiled a £1.6billion bailout to stop thousands of arts venues going bust due to lockdown. The Culture Secretary said it would ‘challenging’ for pantomime season to happen this Christmas and it will be ‘some time’ before performances of plays and … Read more
Philanthropists Hans and Julia Rausing have given an astonishing £10million ‘lifeline’ to help charities survive the coronavirus crisis. The Charity Survival Fund is aimed at bridging a funding gap that has left hundreds of voluntary organisations under threat. One in ten UK charities is facing bankruptcy by the end of the year because of falling … Read more
A furious row broke out yesterday over the Government’s decision to put Leicester back in lockdown. The city’s mayor demanded a new bailout for struggling businesses and police complained they needed clear instructions on enforcing restrictions. The local police commissioner also criticised the ‘drip-feeding’ of information from Whitehall to agencies on the ground. There was … Read more
Has furlough peaked? Number of jobs covered by massive bailout has risen by just 100,000 in a week to 9.2million – lowest yet – with cost hitting £22.9bn Job retention scheme costs rose by £2billion to £22.9billion in week to June 21 It comes ahead of a series of changes due to come into force … Read more
Government could have effectively gone BUST if the Bank of England had not bailed it out at the start of coronavirus crisis, says governor Andrew Bailey Andrew Bailey said government could have gone bust without Bank stepping in UK borrowing soared as the coronavirus crisis took its grip around the world Public debt is now … Read more
Rishi Sunak ‘working on Project Birch business bailout which could see Government act as lender of “last resort” to stop key British firms from going under because of coronavirus’ Chancellor Rishi Sunak is apparently drawing up plans to save important firms Could see tailored bailouts where ‘viable companies have exhausted all options’ Government could act … Read more
Mayor of London Sadiq Khan has finally announced that he will increase Tube services in London to 75% of normal on Monday – but has been accused of blackmailing Boris Johnson after threatening to cut Tube, train and bus services unless the PM agrees an emergency bailout of £2billion by the end of today. Mr Khan has … Read more