Chancellor Rishi Sunak should not be able to decide what is a “viable job”, Scotland’s Finance Secretary has said.
Business leaders have warned jobs in the north-east are still at risk, despite the UK Government unveiling a new top-up scheme.
Chancellor Rishi Sunak has been warned his latest emergency package will not be enough to prevent the loss of hundreds of thousands of jobs from sectors hardest hit by coronavirus.
The UK’s national debt hit a new record at the end of August, the latest figures show as the country’s embattled public sector borrowed another £35.9 billion.
Key among the new announcements unveiled by Rishi Sunak in his winter crisis plan is the creation of the new job support scheme as a successor to furlough.
The London markets slid after traders were left largely unimpressed by the breadth of the new economic package announced by Chancellor Rishi Sunak.
A multibillion-pound package of support for the economy may not be enough to prevent rising unemployment and businesses going to the wall, Chancellor Rishi Sunak admitted.
A new UK Government initiative to top-up some workers’ wages during the Covid-19 pandemic does not go far enough, Scottish Finance Secretary Kate Forbes has said.
Spending to mitigate the impact of Covid-19 in Scotland has now topped £6.5 billion – but Finance Secretary Kate Forbes has warned the response could be hampered just as cases are surging again if the UK Government does not grant her plea for more borrowing powers.
The resurgence of coronavirus poses a threat to the UK’s “fragile” economic recovery, Rishi Sunak warned, as he confirmed plans for the state to top up the wages of workers forced to cut their hours due to the pandemic.
The Treasury has been somewhat of a Ministry of Magic under Rishi Sunak - whatever the issue, this Chancellor has been ready to pull the proverbial rabbit out of the hat.
The Chancellor’s new coronavirus support plan will help spare Britain’s economy from a devastating autumn cliff-edge but will not be enough to halt a steep hike in unemployment, experts have warned.
More than a million people will have to fend for themselves after the Chancellor failed to plug holes in his support for the self-employed, a trade body has warned.
A job support scheme (JSS) is at the heart of Chancellor Rishi Sunak’s new package of Covid-19 support measures, offering a fresh financial lifeline to workers and businesses as they prepare for a tough winter ahead.
How much has the government borrowed during the pandemic?
Rishi Sunak has unveiled his emergency job protection plan amid new Covid-19 restrictions, including the creation of a new job support scheme.
Mr Sunak warned he "cannot save every job" and "cannot save every business", but promised to throw money behind roles that can be kept going "through the difficult winter months".
Businesses which have taken a Government-backed coronavirus loan will be given several more years to pay them off in a bid to reduce the pressure on struggling companies.
Chancellor Rishi Sunak has announced fresh measures to replace the furlough scheme and help the UK economy to continue to recover during the second wave of coronavirus infections.
Unions have accused Chancellor Rishi Sunak of using a plaster to cover a “gaping wound” while jobs have already been lost.
The resurgence of coronavirus poses a threat to the UK’s “fragile” economic recovery, Rishi Sunak warned as he confirmed plans for the state to top up the wages of workers forced to cut their hours due to the pandemic.
Rishi Sunak has unveiled an emergency plan to protect jobs and businesses as new Covid restrictions begin to bite.
Finance Secretary Kate Forbes has criticised the UK Government for cancelling its Budget, insisting the move is “breathtaking in its disregard” for the devolved administrations.
Rishi Sunak will outline his plans to protect jobs on Thursday as the opposition insisted more needed to be done to bolster the economy in the wake of the Covid-19 crisis.
Rishi Sunak has cancelled this year’s Budget and will instead prioritise protecting millions of jobs in sectors hit by the latest Government guidance on Covid-19.
The Chancellor has been urged to “get around the table” and fast-track new job support plans amid reports he is working on a new German-style scheme to avoid mass unemployment once furlough ends.
Chancellor Rishi Sunak is risking "mass unemployment" unless there is an urgent rethink of the Covid recovery plan, Gordon Brown has warned.
House sales increased by 15.6% month-on-month in August across the UK – but transactions were still down by 16.3% compared with the same month in 2019 – figures show.
More than £13 billion has been passed to thousands of British companies and employees in the last month through five Government support schemes, even as the support is slowly wound down.
Shadow Chancellor Anneliese Dodds has called for urgent action from the UK Government as businesses face "going to the wall" if support is withdrawn.