ALEX BRUMMER: Covid-19 spending and lost tax revenues mean UK will have to borrow more than £400bn

Rishi Sunak is well used to the routine now. For the 13th time since March 17, he’s having to dig deep into the Exchequer in his mammoth effort to keep as many businesses and jobs intact as he can, and to try to limit the long-term damage to Britain’s economic prospects. By the standards of … Read more

Rishi Sunak unveils £4.6billion of new bailouts for lockdown-stricken businesses

Rishi Sunak unveils £4.6billion of new bailouts for lockdown-stricken businesses with venues getting one off £9,000 grants to keep them afloat – as economists warn of ‘colossal’ hit with up to 10% wiped off GDP every month By James Tapsfield, Political Editor For Mailonline Published: 09:15 GMT, 5 January 2021 | Updated: 09:21 GMT, 5 … Read more

Rishi Sunak hails Boris Johnson’s Brexit deal

Rishi Sunak has congratulated Boris Johnson on securing the post-Brexit trade deal with the EU in what he hailed an ‘enormously unifying moment for our country’. The Chancellor, who was accused of being ‘absent’ in the run up to Christmas, said the agreement was a good deal for British families, businesses and jobs. He also addressed … Read more

AstraZeneca boss says firm has worked out ‘winning formula’ to boost Oxford vaccine’s efficacy

The top boss of Oxford vaccine maker AstraZeneca says researchers have worked out a ‘winning formula’ to boost the jab’s efficacy.   Pascal Soriot, chief executive of the British-Swedish pharmaceutical firm, says a two-dose method can push the vaccine’s efficacy rate towards that of rivals Pfizer and Moderna.   His comments come as officials reportedly prepare to approve the … Read more

AstraZeneca boss says firm has ‘winning formula’ for Oxford jab

The top boss of Oxford vaccine maker AstraZeneca says researchers have worked out a ‘winning formula’ to boost the jab’s efficacy.   Pascal Soriot, chief executive of the British-Swedish pharmaceutical firm, says a two-dose method can push the vaccine’s efficacy rate towards that of rivals Pfizer and Moderna.   His comments come as officials reportedly prepare to approve the … Read more

Britain could be free of lockdowns by February with Oxford’s Covid vaccine

Britain could be free of tight Covid restrictions by the end of February, after Ministers pinpointed the 15 million people who would need vaccinations to end the cycles of crippling lockdowns. With the ‘game-changing’ Oxford jab expected to be approved within days, the Government hopes that enough doses will soon be available to inoculate those … Read more

Chancellor Rishi Sunak quit London 24 hours ahead of capital’s Tier 4 travel ban

Chancellor Rishi Sunak quit London 24 hours ahead of capital’s Tier 4 travel ban to spend Christmas in his Richmond constituency Chancellor swapped Downing Street for North Yorkshire last Friday afternoon  The next day Boris Johnson introduced Tier 4 with travel ban on the capital  On Monday Labour demanded a public statement on economic support By David … Read more

Rishi Sunak faces pressure to announce fresh emergency support package

Chancellor Rishi Sunak is faced with pressure to announce a fresh emergency support package for businesses and workers following tough Covid-19 restrictions. Shop owners are fearful of a new crisis on the High Street after London and the south-east was plunged into Tier Four in the run-up to the busy Christmas period. Chief executive of … Read more

Rishi Sunak extends furlough scheme by a month until MAY

Rishi Sunak raised fears coronavirus curbs could drag on longer as he dramatically extended the furlough scheme for another month. The Chancellor said the huge bailout will now continue until the end of April to give businesses ‘certainty’, while firms will be able to access emergency loans until the end of March. He also confirmed … Read more