Tag: Covid

UK borrowing soars in August as Covid costs mount

Image copyright Getty Images The UK government borrowed £35.9bn in August as tackling the economic fallout of pandemic took its toll on the public finances, official figures show. The figure – the difference between spending and tax income – was £30.5bn more than it borrowed in August last year. The increase meant that the borrowing figure hit its highest amount… Read more →

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Covid: Uncertainty as industries miss out on job support

Image copyright Getty Images Industries hit hard by the coronavirus pandemic are facing further uncertainty after missing out on help in the chancellor’s new emergency jobs scheme. Hospitality, events and retail workers and businesses have expressed concern, as have those on zero-hours contracts. Rishi Sunak said employees must be in “viable” jobs to benefit from the wage top-up scheme. This… Read more →

Climate change and Covid economy ‘must be tackled together’

Image copyright Getty Images Image caption A taskforce is looking at whether projects such as tree planting could offer work and training opportunities Offering young people work on nature projects and converting empty offices into eco-homes are among the ideas being considered by a “green recovery” Welsh Government taskforce. Its boss Sir David Henshaw said it was “absolutely critical” climate… Read more →

Covid: PM considering new restrictions amid second coronavirus wave

Image copyright AFP Boris Johnson will spend the weekend considering whether to tighten Covid-19 measures further, after saying the UK was “now seeing a second wave”. The government is understood to be looking at a ban on households in England mixing, and reducing opening hours for pubs and restaurants. At least 13.5 million people, roughly one-in-five of the UK population,… Read more →

Brexit: Covid debt leaves small business ‘vulnerable’ to no deal

Image copyright Getty Images Businesses in Wales face challenges preparing for a potential no-deal Brexit because of debt taken on to deal with coronavirus, according to leaders. Nine out of 10 members report cashflow problems over the pandemic, says the Federation of Small Businesses Wales. It comes as tensions in the trade talks between the UK and the EU increased… Read more →

After covid: ‘Working from home’ is long term ambition

Image copyright Getty Images Image caption Ministers believe remote working can reduce congestion and improve flexibility Nearly a third of people should still be working from homes, even when coronavirus restrictions have eased, says the Welsh Government. Ministers said its ambition is to see about 30% of the workforce in Wales staying at or near home in the long term.… Read more →