daily information to stay fit and healthy
Thatcherite free-market think-tanks have said there should be no return to austerity once Chancellor Rishi Sunak’s spending boost to beat coronavirus is over – as a top economist says slashing public expenditure is ‘not a done deal.’ The Adam Smith Institute, the Centre for Policy Studies, the Institute of Economic Affairs and Policy Exchange, previously … Read more
Thatcherite free-market think-tanks have said there should be no return to austerity once Chancellor Rishi Sunak’s spending boost to beat coronavirus is over – as a top economist says slashing public expenditure is ‘not a done deal.’ The Adam Smith Institute, the Centre for Policy Studies, the Institute of Economic Affairs and Policy Exchange, previously … Read more
The UK faces a ‘recession to end all recessions’ with GDP plunging nearly a third this quarter, experts said today – amid warnings the misery will go on as long as social distancing remains in place. The respected IFS think-tank said the scale of the nose-dive due to coronavirus lockdown will be like nothing seen … Read more
Bosses have warned there will inevitably be mass job losses when employers are asked to start sharing up to 50 per cent of the cost of the government’s furlough scheme in August. Industry experts also claim Chancellor Rishi Sunak’s extension to the Job Retention Scheme – where the Treasury bankrolls 80 per cent of wages … Read more
Grim economic news is something we have had to get used to in the past two months but yesterday was something of a body blow. Chancellor Rishi Sunak’s announcement that he was extending the jobs retention scheme until October is the most ominous of all the amendments and additions to the bailout for the economy … Read more
Britain’s bill for the pandemic could hit £300billion and force tax rises, cuts to the state pension and a public-sector pay freeze, a Treasury document warns. A paper drawn up for Chancellor Rishi Sunak said the austerity-style policies – including drastic cuts to public spending and welfare – may have to be announced within weeks … Read more
What is happening to the furlough scheme? The multi-billion pound furlough scheme is being extended to October. Employees on the scheme will continue to receive 80 per cent of wages, up to a ceiling of £2,500 a month. Until the end of July, there will be no changes to the scheme whatsoever. From August to … Read more
Rishi Sunak will set out next week how he intends to ‘wind down’ the government’s coronavirus furlough scheme amid fears within Whitehall that the nation is becoming ‘addicted’ to state help. The Chancellor is widely expected to start to reduce the scale of the scheme from July after it emerged it has a current monthly … Read more
Rishi Sunak will set out next week how he intends to ‘wind down’ the government’s coronavirus furlough scheme amid fears within Whitehall that the nation is becoming ‘addicted’ to state help. The Chancellor is widely expected to start to reduce the scale of the scheme from July after it emerged it has a current monthly … Read more
The chancellor Rishi Sunak is under pressure to launch a second wave of furlough payments as the government’s scheme is set to run out in June. Industry and manufacturing think-tanks have warned that without further payments up to 35 per cent of jobs could be lost in parts of the UK, as businesses struggle to … Read more