The UK’s Finance Minister Rishi Sunak on Sunday said that a review into the idea of domestic vaccine passports will come to a conclusion in a few months’ time. When asked about vaccine passports on Sunday, Sunak said it may be a way to help with reopening parts of the economy. “Obviously it’s a complicated but…
Review on Domestic Vaccine Passport Will Conclude ‘In a Few Months’ Time’: Sunak
Sunak Says UK’s Public Finances Won’t Be Fixed Overnight
LONDON—British finance minister Rishi Sunak said on Sunday he would not rush to fix the public finances as he readied a budget plan which will pile more borrowing on top of almost 300 billion pounds ($418 billion) of COVID-19 spending and tax cuts. Sunak, who is due to deliver his budget to parliament on Wednesday,…
UK’s Public Finances Won’t Be Fixed Overnight, Sunak Says
LONDON—Finance minister Rishi Sunak says he won’t rush to fix the United Kingdom’s public finances as he readies a budget plan that will pile more borrowing on top of almost 300 billion pounds ($418 billion) of COVID-19 spending and tax cuts. Sunak, who is due to deliver his budget to parliament on March 3, promised…
UK’s Sunak to Provide 5 Billion Pounds of Grants to Pandemic Hit Businesses in Budget
LONDON—British finance minister Rishi Sunak will announce 5 billion pounds ($7 billion) of additional grants to help businesses hit hard by pandemic lockdowns in his budget statement next week, the government said on Saturday. Shops, bars, clubs, hotels, restaurants, gyms and hair salons would be among nearly 700,000 companies eligible for new direct cash grants…
UK Public Finances Under ‘Enormous Strains’: Chancellor Sunak
Britain’s public finances are under “enormous strains” as a result of huge government borrowing during the CCP virus pandemic, the UK’s Chancellor of the Exchequer Rishi Sunak has said. In an interview with the Financial Times on Friday, Sunak said he will “level with people” about the challenge when he delivers the budget on Wednesday….
UK Businesses Urge Government to Extend COVID-19 Furlough Scheme
The UK government should extend its business support measures before the next budget to help firms through the ongoing CCP virus lockdown, a leading British business group said on Tuesday. In a letter to Rishi Sunak, the chancellor of the Exchequer, the Confederation of British Industry (CBI) urged the government to extend the Job Retention…
Nearly One in 20 Small Firms Set to Close Due to Pandemic, UK Business Group Says
Nearly one in 20 British small business owners are planning to close their firms over the coming 12 months as a result of the CCP virus pandemic, a business group said on Monday. In a survey of 1,400 small firms, the Federation of Small Businesses (FSB) found that just under 5 percent of the businesses…
Nearly 1 in 20 Small Firms Set to Close Due to Pandemic, UK Business Group Says
Nearly 1 in 20 British small business owners are planning to close their firms over the coming 12 months as a result of the CCP virus pandemic, a business group said on Monday. In a survey of 1,400 small firms, the Federation of Small Businesses (FSB) found that just under 5 percent of the businesses…
UK Offers Extra £4.6 Billion to Help Firms Through New Lockdown
The British government announced on Tuesday that it’s offering a £4.6 billion ($6.2 billion) support package for businesses that have been hit hard by new CCP virus lockdown measures. Chancellor of the Exchequer Rishi Sunak said the government is offering one-off top-up grants for retail, hospitality, and leisure businesses worth up to £9,000 ($12,225) per…
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