FILE PHOTO: Britain’s Chancellor of the Exchequer, Rishi Sunak, leaves a television studio in London, Britain, October 6, 2020. REUTERS/Toby Melville (Reuters) – British Finance Minister Rishi Sunak will announce a local furlough scheme on Friday in which the government will subsidise two thirds of the wages of workers in […]
Sunak
UK Finance Minister Sunak to announce local furlough scheme on Friday – The Times
Adds COVID-19 background, remarks from minister cited by The Times Oct 9 (Reuters) – British Finance Minister Rishi Sunak will announce a local furlough scheme on Friday in which the government will subsidise two thirds of the wages of workers in pubs, restaurants and other businesses that are forced to […]
Sunak to announce new job protection plans
Image copyright Getty Images Chancellor Rishi Sunak is to make an announcement on Thursday about what happens after the furlough scheme expires at the end of October. “I will update the House of Commons on our plans to continue protecting jobs throughout the winter,” he tweeted. The move comes after […]
Jobs, not tax rises, the priority for now, Sunak says
By Guy Faulconbridge, William Schomberg LONDON (Reuters) – Britain will prioritise trying to save jobs over tax rises while the COVID-19 pandemic batters the economy, though record borrowing and a $2.6 trillion debt pile cannot be sustained for ever, finance minister Rishi Sunak said on Tuesday. FILE PHOTO: A man […]
Jobs, not tax rises, the priority for now, UK’s Sunak says
By Guy Faulconbridge and William Schomberg © Reuters/POOL FILE PHOTO: Britain’s Chancellor of the Exchequer Rishi Sunak visits Octopus Energy, in London LONDON (Reuters) – Britain will prioritise trying to save jobs over tax rises while the COVID-19 pandemic batters the economy, though record borrowing and a $2.6 trillion debt […]
UK finance minister Rishi Sunak in balancing act over virus plan
© Photo: POOL / JOHN SIBLEY UK finance minister Rishi Sunak UK finance minister Rishi Sunak, battling record deficits and soaring debt due to his government’s emergency coronavirus response, faces a politically dangerous balancing act to pay the bill, analysts say. As the outbreak raged, total public debt rocketed above […]
Economists and businesses react as U.K. Chancellor Sunak unveils emergency jobs program
Justin Tallis/Agence France-Presse/Getty Images The U.K. Chancellor Rishi Sunak unveiled an emergency jobs program on Thursday as part of a wider ‘winter economy plan’ to stave off mass unemployment. Load Error The program, replacing the job furlough one, will see the government support “viable jobs” by topping up the […]
Sunak Can Flex U.K. Stimulus Credit Card in Unfazed Markets
(Bloomberg) — Chancellor Rishi Sunak needn’t worry about getting the financing for another spending spree to support Britain through the Covid-19 crisis. With growing pressure on him to refresh fiscal stimulus during a further six months of restrictions, near record-low bond yields show markets are unfazed at the prospect of […]
Virus Forces Sunak to Spend More on Saving U.K. Jobs, Firms
(Bloomberg) — Chancellor of the Exchequer Rishi Sunak will set out a new crisis plan to protect jobs and rescue businesses as the coronavirus outbreak forces the U.K. to return to emergency measures. With Covid-19 spreading rapidly again, Sunak is having to provide more state support to avoid a surge […]