Tag: Chancellor

Recession is unprecedented, says Chancellor Rishi Sunak

Media playback is unsupported on your device Media captionRishi Sunak: “We’re grappling with something unprecedented” Chancellor Rishi Sunak has said the government is “grappling with something that is unprecedented” after figures showed the UK economy had suffered its biggest slump on record. The economy shrank 20.4% between April and June compared with the first three months of the year. The… Read more →

Coronavirus: ‘Chancellor must protect’ jobs of those shielding

Image copyright Getty Images Charities are calling on the chancellor to protect the jobs of workers who have been shielding during the pandemic. A total of 15 charities have warned in an open letter that workers will be forced to choose between health and their jobs, when restrictions ease. “Some of these workers will find themselves in an impossible position,”… Read more →

Chancellor ‘turning his back’ on people needing virus support

Image copyright JESSICA TAYLOR/UK Parliament MPs say the chancellor has “effectively drawn a line” under helping more than a million people excluded from government virus support packages. Last week, the Treasury Committee published an interim report into gaps in support to firms and workers hit by the virus. However, Rishi Sunak mounted a strong defence of his aid packages. The… Read more →

Rishi Sunak: The ‘whatever it takes’ chancellor

Image caption Rishi Sunak rolled up his sleeves to encourage the British public to eat out again He’s been dubbed “Dishy Rishi”, “Britain’s economic Jedi” and “Santa Claus in hazmat” in recent months, but most often he is referred to as a “possible future prime minister”. Rishi Sunak’s star has been rising steadily since he became chancellor in February. Within… Read more →

Coronavirus: Chancellor Rishi Sunak sorry for not being able to protect all jobs

The chancellor has said he is “sorry” for not helping “everyone in exactly the way they would have wanted”. Rishi Sunak said the government was “throwing everything” at stemming job losses with a £30bn stimulus package. But he told the BBC he will not be able to protect “every single job” as the UK enters a “severe recession”. He also… Read more →

Chancellor gives diners 50% off on eating out

Image copyright Getty Images Diners will get a 50% discount off their restaurant bill during August under government plans to bolster the embattled hospitality sector. Chancellor Rishi Sunak unveiled the “eat out to help out” discount as part of a series of measures to restart the economy amid the coronavirus pandemic. The deal means people can get up to £10… Read more →

Coronavirus: Chancellor ‘could extend mortgage holiday’

Image copyright Getty Images Image caption More than a million and a half people took up the opportunity to delay their mortgage payments under the scheme. The Chancellor, Rishi Sunak, is believed to be discussing ways of extending three month mortgage holidays with regulators and banks. The Financial Times reports the government hopes to prolong the scheme for borrowers struggling… Read more →