Tag: Rishi

Coronavirus: Rishi Sunak praises support for NI businesses

Image copyright PA Media Image caption The chancellor said almost 26,000 NI firms benefited from more than £1bn of government loan schemes Northern Ireland businesses have received an unprecedented package of support to help them through the coronavirus crisis, the chancellor of the exchequer has said. Rishi Sunak said almost 26,000 NI firms benefited from more than £1bn of government… Read more →

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Rishi Sunak defends furlough bonus scheme

Image copyright AFP Chancellor Rishi Sunak has defended his job retention bonus scheme after MPs questioned its value for money. The policy – which was announced last week – will see the government pay employers £1,000 for every furloughed worker they retain past January. MPs on the Treasury Committee described the scheme as “badly-timed and poorly-targeted”. But Mr Sunak said… Read more →

Rishi Sunak’s ‘Kickstart’ jobs scheme: Back to the future?

Image copyright PA Media When Chancellor Rishi Sunak announced his £2bn “Kickstart” jobs scheme this week, for some it sounded strangely familiar. Those of a certain age may remember the Future Jobs Fund – the scheme set up by then-Labour Prime Minster Gordon Brown and Chancellor Alastair Darling in 2009 in reaction to the global financial crash. Like the current… 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 →

Coronavirus: Rishi Sunak to unveil ‘kickstart jobs scheme’ for young people

Image copyright PA Media Image caption The chancellor will present the plans to Parliament on Wednesday Chancellor Rishi Sunak will announce a £2bn “kickstart scheme” on Wednesday to create more jobs for young people. The fund will subsidise six-month work placements for people on Universal Credit aged between 16 and 24, who are at risk of long-term unemployment. Labour welcomed… Read more →

Can Rishi Sunak save your job? Five things he may do

Image copyright AFP Strawberries and cream, maybe even a glass of rosé: the “summer update” has an whiff of end-of term festivities. But the Chancellor’s summer statement on Wednesday will may impact millions of livelihoods – and his own reputation. The grants, subsidies and loans deployed to shield the British economy from the shock of lockdown didn’t manage to preserve… Read more →

Will Rishi Sunak cut shop prices to boost the High Street?

Image copyright Reuters “Timely, temporary and targeted” was the advice given to the Treasury Select Committee on stimulating the economy by the former US Treasury Secretary Larry Summers in the depths of the 2008 financial crisis. These words found their way into the pre-Budget documents to describe the immediate 13-month VAT cut from 17.5% to 15% announced by then Chancellor… Read more →