Tag: Sunak

Rishi Sunak defends emergency jobs scheme

Media playback is unsupported on your device Media captionChancellor Rishi Sunak: “It’s not for me to… make pronouncements on what job is viable or not” Chancellor Rishi Sunak has said it is “impossible” to predict how many jobs the government’s new wage subsidy scheme will save. The scheme, set to replace furlough, will see the government top up the pay… Read more →

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Covid-19: Sunak set to unveil emergency jobs scheme

Image copyright Getty Images Chancellor Rishi Sunak will later unveil a plan aimed at minimising further unemployment as stricter Covid-19 restrictions come into force. The new measures are expected to replace the furlough scheme, which is set to expire next month. In July, around five million workers were still receiving some or all of their income through the scheme, many… Read more →

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: 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 →

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: 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 →