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Furlough numbers SURGE in second lockdown with 15 per cent of workers now paid off – the highest level since JUNE – and it is set to go even HIGHER Firms said 15% on average were on furlough between November 2 and 15 Figure up fom 9% in previous survey which covered the second half … Read more
With Britain in the throes of its greatest peacetime economic emergency, it’s hard to find reasons to be cheerful. Yet, in the midst of the catastrophic figures published yesterday, let’s not forget barely three days have passed since a great British university (Oxford) and a British pharmaceutical giant (AstraZeneca) delivered on the promise of a … Read more
Rishi Sunak was today accused of being ‘too optimistic’ and may need to find more cash to tackle Covid-19 despite spending ‘truly astonishing’ amounts trying to keep the British economy afloat. The Chancellor announced yesterday that borrowing would hit almost £400 billion this year, with government spending topping £1 trillion for the first time as the damage … Read more
Families face council tax rise of more than £100 to fund social care and police forces Town halls will be able to increase council tax by whopping 5 per cent next year Chancellor Rishi Sunak made the announcement on in Parliament on Wednesday The measure is intended to help fund local social care and police … Read more
Families face council tax rise of more than £100 to fund social care and police forces Town halls will be able to increase council tax by whopping 5 per cent next year Chancellor Rishi Sunak made the announcement on in Parliament on Wednesday The measure is intended to help fund local social care and police … Read more
Rishi Sunak vowed to plough £100billion into road, rail and broadband projects yesterday. The Chancellor refused to renege on the Government’s plan for ‘once-in-a-generation’ infrastructure spending. Despite the Covid hit to the economy, he said he was pressing ahead with the highest sustained level of public investment in more than 40 years. Mr Sunak told … Read more
Rishi Sunak delivered a formidable speech in the Commons yesterday. The Chancellor’s calm manner and mastery of detail filled me with confidence. His message was that, although Britain is in an ‘economic emergency’, the Government is prepared to spend lots of money we don’t have in order to get us out of it. Better times … Read more
Fury as it emerges Rishi Sunak’s figures for spending review were drawn up BEFORE the Oxford Covid-19 jab was announced Tory MPs were left furious after the OBR said projections did not account for jab The projections were based on Britain facing virus restrictions until next summer OBR’s main scenario assumed a ban on household … Read more
Rishi Sunak vowed to plough £100billion into road, rail and broadband projects yesterday. The Chancellor refused to renege on the Government’s plan for ‘once-in-a-generation’ infrastructure spending. Despite the Covid hit to the economy, he said he was pressing ahead with the highest sustained level of public investment in more than 40 years. Mr Sunak told … Read more
Public sector pay will be frozen next year – but nurses, doctors and the lowest-paid will still get a rise, Rishi Sunak said yesterday. The Chancellor said he could not justify a ‘significant, across-the-board’ hike for the public sector given the difficulties faced by private firms. Many businesses, particularly in retail and hospitality, have been devastated … Read more