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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 will unveil a multi-billion pound ‘winter plan’ today with a VAT cut and new ‘flexible furlough’ for staff returning part-time after dire warnings that 540,000 hospitality jobs could be lost. The Chancellor cancelled plans for a full-scale Budget in November, with sources saying it was ‘not the time’ for long-term plans. Instead he … Read more
Shadow chancellor Anneliese Dodds blasts Rishi Sunak for letting businesses ‘go to the wall’ after allowing the ‘clock to run down’ on four million furloughed workers Anneliese Dodds accused the Chancellor of mismanaging billions of pounds Labour’s shadow chancellor claimed Rishi Sunak is letting firm ‘go to the wall’ She used a keynote party conference … Read more
Dishy Rishi is about to be put on furlough. ‘People have lost perspective,’ an ally of the Chancellor tells me. ‘We’ve spent £350billion protecting the economy, but we’ve now reached the point where this isn’t even registering. ‘Someone said to him last week, ‘Why aren’t you doing anything for the theatre?’ We’ve given the theatres … Read more
Rishi gets tough: Chancellor plans to FREEZE benefits and state pay – as officials mock Boris Johnson’s Covid mass testing plan as a ‘Moonf***’ moneypit Mr Sunak is trying to get a grip on the spiralling cost of the Covid-19 pandemic Chancellor has told ministers he is deeply concerned about long-term damage He is also … Read more
By Andy Haldane, chair of the Industrial Strategy Council, and Sir Charlie Mayfield, chair of Be The Business UK GDP had, by July, recovered around half of its Covid-related losses, rebounding further and faster than anyone expected. That’s the good news. The bad is that the economy remains 12 per cent smaller than at the start … Read more
The Prime Minister said a second lockdown was the ‘last thing anybody wants’ but revealed his administration was considering whether it needed to ‘go further’ than the current national restrictions that were put in place this week Rishi Sunak has urged Boris Johnson not to risk the recovery by going too far with any new … Read more
Germany has agreed to take in 1,500 migrants from the Greek islands after a fire left thousands homeless last week, German government and coalition sources have said. Chancellor Angela Merkel and Interior Minister Horst Seehofer have reportedly come to the agreement, with sources saying Seehofer had made the proposal and Merkel had agreed. More than … Read more
The eye of the storm…If you’ve ever been there, you know it’s not a comfortable place to be. The UK has weathered the first leg of a Category Five economic hurricane. Destructive, disruptive and painful – with so many lives and livelihoods already lost. Yet beyond the eye lies the second leg, which is invariably … Read more
Even the greatest optimist will draw cold comfort from the April-to-June data from the Paris-based OECD, which places Britain firmly at the bottom of output tables for the G7 biggest economies in the second quarter. The UK’s performance is so much worse than that of the country’s major competitors that it verges on embarrassment, at … Read more