Rishi Sunak’s latest coronavirus bailout package ‘will cost the taxpayer BILLIONS each month’

Chancellor Rishi Sunak’s employment support package will cost the taxpayer billions of pounds a month, the Institute for Fiscal Studies (IFS) said tonight. IFS director Paul Johnson said the final cost to the Exchequer of paying up to 80% of the wages of workers whose jobs were under threat from the coronavirus outbreak was ‘unknowable’. … Read more

Rishi Sunak faces demands to escalate £350bn coronavirus bailout

What is the coronavirus?  A coronavirus is a type of virus which can cause illness in animals and people. Viruses break into cells inside their host and use them to reproduce itself and disrupt the body’s normal functions. Coronaviruses are named after the Latin word ‘corona’, which means crown, because they are encased by a … Read more

How is the government paying for the £350billion coronavirus bailout and how will it be paid back?

How is the government paying for the £350billion coronavirus bailout and how will it be paid back? Chancellor Rishi Sunak hailed the massive cash lifeline as ‘unprecedented’  It is thought the government will foot the hefty bill by going further into debt  Businesses will be able to ‘walk into their local bank branches’ to request … Read more

Coronavirus UK: Rishi Sunak unveils £330bn business bailout

What is the coronavirus?  A coronavirus is a type of virus which can cause illness in animals and people. Viruses break into cells inside their host and use them to reproduce itself and disrupt the body’s normal functions. Coronaviruses are named after the Latin word ‘corona’, which means crown, because they are encased by a … Read more

Chancellor Rishi Sunak ‘is working on new bailout package for businesses affected by coronavirus’

Chancellor Rishi Sunak ‘is working on new bailout package for businesses affected by coronavirus’ Chancellor Rishi Sunak to speak with PM on the economic impact of coronavirus The Prime Minister has told Britons to avoid pubs and clubs amid the outbreak But business owners fear that they may lose their livelihoods as firms go bust … Read more

Donald Trump’s UK travel ban piles pressure on BA as Virgin Atlantic demands £7.5billion bailout

Donald Trump’s UK travel ban piles pressure on beleaguered BA, which relies on £1billion-a-year transatlantic route, as Virgin Atlantic demands £7.5billion government bailout for the struggling airline industry BA’s CEO Alex Cruz told employees the airline was fighting for its survival Now Donald Trump’s travel ban will further impact the already struggling BA  Passengers are … Read more