Tag: virus

‘Raise sick pay’ to lower virus health and economic risk

Image copyright Getty Images Statutory sick pay should be increased and the furlough scheme extended on a flexible basis, new research suggests. Doing so would better manage a “crude” trade-off between lives and livelihoods as the UK economy reopens. These are two of the recommendations in a new report from the Royal Society. It says economic and health data should… Read more →

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Benefit cap: Ministers rule out review despite virus worries

Image copyright Getty Images Ministers say they will not lift the benefits cap despite an advisory body warning it is stopping people getting help they need during the pandemic. The Social Security Advisory Committee said people living in areas with high rental costs were losing out due to a lack of flexibility in the system. Coronavirus meant it was “unrealistic”… 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 →

Coronavirus: Taxes will rise to pay for virus, IFS think tank warns

Image copyright Getty Images Taxpayers face a day of reckoning when the government’s massive coronavirus support measures have to be paid off, experts warn. The Institute of Fiscal Studies think tank says the economy will remain in a “support and recovery” phase for some time, but higher taxes are inevitable. On Wednesday, the chancellor unveiled another £30bn of support, bringing… Read more →

Coronavirus: New rules to protect British firms amid virus

Image copyright Getty Images The government will introduce new measures on Monday to protect businesses critical to public health from foreign takeovers. Changes to legislation would give ministers extra powers to protect those needed to help in future pandemics, who might be struggling now. The new powers will cover firms such as pharmaceutical companies. Business Secretary Alok Sharma said: “The… Read more →