Page 18 - Rishi Sunak

UK budget deficit hits $271 billion in H1FY21 amid calls for more aid

Borrowing in September alone was 36.1 billion pounds, the Office for National Statistics said Wednesday

UK finance minister Sunak offers Covid-hit companies more help to keep jobs

Sunak had previously resisted calls to increase the generosity of the government's support schemes amid fast-rising job losses

Sunak's winter economy plan: Job scheme, extended loans for firms

Economists - and the chancellor himself - warned Thursday's package, while saving some jobs, won't stop a wave of redundancies when the current more generous program ends.

Rishi Sunak unveils new wage top-up scheme to save Covid-hit jobs in UK

Nearly three million workers - or 12 per cent of the UK's workforce - are currently on partial or full furlough leave, the BBC reported

One in five UK firms can barely cover debt-interest payments, says report

Borrowing taken on since the Covid lockdown began in March threatens to push 4.3 per cent of companies, employing 1.8 million people, into technical insolvency

UK's Rishi Sunak considers sweeping tax hikes to plug Covid-19 hole

Tax hikes suggested by Treasury officials could raise an extra 20-30 billion pounds a year and some of them could be announced in an autumn budget statement by Sunak

UK treasury officials pushing for tax hikes to offset Covid impact: Report

Such hikes will enable the exchequer to raise at least 20 billion pounds ($26.70 billion) a year, and some could be introduced in the November budget, the Sunday Telegraph said

UK looking to drop 'Facebook tax' in favour of post-Brexit deal: Report

Britain introduced the digital services tax in April after slow progress in global negotiations over how to tax tech giants, many of which are US companies

Rishi Sunak told ending furlough puts 2 million viable jobs in peril

Removing the support early would 'cause long-lasting damage to the economy and to people's lives,' the report said

Covid-19: Britain enters recession as GDP tumbles 20.4%, worst in Europe

Brace for more job losses, says Sunak

Hard times here, jobs will be lost, says Sunak as UK plunges into recession

It marks the first time in 11 years that the UK has tipped into a recession, which is defined by two consecutive three-month periods of falling GDP

Rishi Sunak calls for Mahatma Gandhi on UK coins, writes to Royal Mint

The move follows a letter to the Indian-origin finance minister from the 'We Too Built Britain' campaign calling for a set of coins entitled 'Service to the Nation'

With the worst of Covid-19 yet to come, clear communication would help

The contrast of a virus as agile as something out of a myth and government edicts that seem slow-footed is a worldwide phenomenon

Wimbledon invents a time machine

Over the past fortnight, the All England Club has been live streaming via Wimbledon.com a retrospective of tennis matches dating back to its centenary in 1977

Hold your holiday horses: Take a Covid test before you take a break

Is there a need to start a tourism wing for Covid-19 testing at this point, asks Nivedita Mookerji.

Rishi Sunak unveils 1.57 bn pounds arts, culture Covid-19 rescue package

Rishi Sunak has unveiled a 1.57-billion pounds rescue package of emergency grants and cheap loans for arts, culture and heritage industries to help them weather the impact of coronavirus lockdown.

UK FM Rishi Sunak to delay post-coronavirus recovery package until autumn

UK Prime Minister Boris Johnson on May 27 promised a post-coronavirus recovery package

Infosys among UK firms accessing Rishi Sunak's Covid-19 job saving scheme

Under the provisions, the government covers 80 per cent of salaries of furloughed staff, up to the value of GBP 2,500 a month, in order to prevent companies having to resort to redundancies

Britain to launch stimulus package before summer, says report

Finance minister Rishi Sunak declined on Friday to say whether he would bring forward his next budget statement, due in the autumn, to spell out how he will tackle Britain's surging debt

UK's Sunak authorises bailout to rescue strategically important companies

Under the plan, which is named "Project Birch", the finance minister has raised the UK Treasury's capacity to handle bespoke bailouts of "viable" companies which have exhausted all options