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For the fourth time in a fortnight, Chancellor Rishi Sunak has unveiled a virus bailout for the British economy. The recipients of his largesse will be the 3.7million self-unemployed, and Sunak acknowledged that the cost could be ‘tens of billions of pounds’. He left little doubt the bill will have to be paid by all … Read more
Rishi Sunak finally unveiled a multi-billion-pound coronavirus bailout for millions of stricken self-employed workers tonight – but left hundreds of thousands just above a ‘cliff edge’ cut-off wondering how they will make ends meet. Ken Price, 50, who works as a roofer across London and the southeast, said he was concerned people were being made … Read more
Rishi Sunak to announce cash bail-out for five million self-employed Britons facing coronavirus ruin – after promise to cover 80% of laid-off workers’ incomes Chancellor Rishi Sunak is preparing the fresh coronavirus economic bailout Follows announcement that Government would cover 80% of employers’ wages Musicians said the outbreak caused ‘complete shutdown of our places of work’ … Read more
Cheers! Rural pub landlords say Chancellor Rishi Sunak’s unprecedented coronavirus handout gives them a chance of survival Rob and Donna Taylor run The Compasses Inn in rural kent Said Mr Sunak’s stimulus package could prove ‘massive’ for small businesses Mr Taylor, 38, said he was ‘shellshocked’ when Mr Johnson ordered closures Coronavirus symptoms: what are they … Read more
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’s Budget plans are ‘nothing like as generous as they appear’ and spending on most public services will be lower in 2025 than in 2010, according to a respected think tank. Paul Johnson, the director of the Institute for Fiscal Studies, said Mr Sunak’s investment proposals are ‘genuinely very big’ – but the cash … Read more
Rishi Sunak’s first Budget confirmed what we had suspected. Boris Johnson’s Tories are not the party of Margaret Thatcher, or even David Cameron. That is why it is no exaggeration to describe yesterday as historic. The spectacle of this passionate, articulate, confident young Chancellor of Indian descent showed on one level how much the old … Read more
VICTORIA BISCHOFF: Rishi Sunak’s budget is kicking savers while they’re down By Victoria Bischoff for the Daily Mail Published: 23:16 GMT, 11 March 2020 | Updated: 23:21 GMT, 11 March 2020 Just when you thought things couldn’t get worse for savers, they were dealt two crushing blows in a matter of hours. The bad news … Read more
We are used to thinking of the Tories as the party of small government, of lower and less complicated taxes. But this, the first Budget of Boris Johnson’s administration, tells a very different story. And for all the panache of Chancellor Rishi Sunak’s performance yesterday, there are some big numbers on both sides of the … Read more
PROFESSOR MATTHEW GOODWIN: Rishi Sunak’s bulldozer budget for Boris Johnson’s ‘red wall’ By Matthew Goodwin For The Daily Mail Published: 22:29 GMT, 11 March 2020 | Updated: 23:04 GMT, 11 March 2020 This is essentially a budget for blue-collar Britain – for the left-behind communities and left-out workers who, at the recent election, gave Conservatives … Read more