Unemployment will surge to 7.5 per cent, putting 2.6million people out of work, when the furlough scheme ends in the spring, Rishi Sunak was warned today. The Office for Budget Responsibility said that the tens of billions spent on the job retention scheme and billions more spent on business loans and grants had fended off … Read more
Rishi Sunak today announced he is slashing the UK’s foreign aid budget as he put the Government on a collision course with furious Tory MPs and charity bosses. The Chancellor said the current legal commitment to spend 0.7 per cent of gross domestic product on overseas aid was ‘difficult to justify’ during the coronavirus crisis … Read more
Rishi waves the cheque book AGAIN: Chancellor unveils multi-billion pound investment with £100bn on infrastructure, £20bn on housing and £19bn on transport in bid to dig Britain out of Covid black hole By Mark Duell for MailOnline Published: 13:55 GMT, 25 November 2020 | Updated: 13:55 GMT, 25 November 2020 Advertisement Rishi Sunak today revealed … Read more
Chancellor Rishi Sunak announces public sector pay freeze for next year but NHS workers will be exempt while the lowest paid will also get an increase… while most private sector workers go without a wage hike By Jack Maidment, Deputy Political Editor For Mailonline Published: 13:10 GMT, 25 November 2020 | Updated: 13:10 GMT, 25 … Read more
The soaring cost of Eat Out To Help Out: Rishi Sunak’s discount scheme to help pubs and restaurants cost taxpayers £849million – 70% OVER its £500million estimate – after 49,000 firms claimed for more than 160million meals in August The Treasury estimated that the scheme would cost £500million in total But it overshot the mark … Read more
Rishi Sunak warned Cabinet they face a ‘sobering’ economic situation today as he prepares another spending splurge to shore up jobs and businesses before vaccines finally end the coronavirus crisis. The Chancellor briefed ministers ahead of a Spending Review that will pump billions of pounds into retraining the unemployed, as well as boosting infrastructure, the NHS … Read more
The foreign aid budget is to be slashed by £4billion a year, Rishi Sunak will announce today. Spending will fall to around £10billion next year for the first time in almost a decade as the Chancellor struggles to fill the black hole in the nation’s finances. Rather than making it a one-off cut, ministers will … Read more
Rishi Sunak will pledge a fighting fund worth almost £3billion at tomorrow’s Spending Review to help one million unemployed people find a job as UK recovers from the coronavirus crisis Chancellor Rishi Sunak will tomorrow set out his one-year Spending Review The review will include £2.9billion over three years for a new Restart scheme The … Read more
Rishi Sunak has released new carefully posed pictures as he ran through his lines ahead of tomorrow’s Spending Review announcement. The Chancellor was wearing his favoured grey hoodie as he worked through documents in his red box in his flat above 11 Downing Street. Other catalogue model-style snaps, released by the Treasury today, show him … Read more
Britain will get new HQ to tackle terrorism: Police and intelligence agents will work together in new unit as Rishi Sunak pledges tens of millions of pounds to fight terror threat Rishi Sunak to pledge tens of millions of pounds toward counter-terrorism unit First sections of new state-of-the-art building will be ready to use by … Read more