Tag: virus

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 →

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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 →

Nationwide caps mortgage lending due to virus

Image copyright PA Media The UK’s biggest building society has tripled the deposit it will ask for from first-time buyers. The Nationwide will lower its ceiling for mortgage lending to new customers in response to the coronavirus crisis. It said the change, from Thursday, was due to “these unprecedented times and an uncertain mortgage market”. First-time buyers are likely to… Read more →