DOUGLAS ROSS: Chancellor’s Budget delivers for the north-east
With all the demands on Rishi Sunak in this Budget, the Chancellor certainly did not forget the north-east and support for the Aberdeen economy.
Treasury
Treasury jobs for Darlington will put town ‘at top table of Government’
Moving hundreds of Treasury jobs to Darlington proves the area deserves a place “at the top table of Government”, a senior North East Tory has said.
Sunak prepares to unleash ‘fiscal firepower’ in his Budget
Rishi Sunak told ministers the impact of coronavirus on the national finances cannot be ignored, but the UK can be “optimistic about our recovery”, as he updated the Cabinet ahead of the Budget.
Chancellor to extend furlough scheme until end of September as he unveils Budget
Rishi Sunak will extend the furlough scheme until the end of September and pledge to do “whatever it takes” to help people and businesses through the coronavirus crisis when he unveils his Budget.
Chancellor to extend furlough scheme until September as he unveils Budget
The furlough scheme will be extended until the end of September, with employers asked to contribute to workers’ salaries from July, the Chancellor is set to announce.
Budget: More than 300,000 Scots jobs protected with furlough scheme extension
Rishi Sunak is to extend the furlough scheme until the end of September at Wednesday's Budget, protecting hundreds of thousands of jobs across Scotland.
Sunak to focus his Budget on support for businesses and families, Kwarteng says
Rishi Sunak will focus on “critical support” for businesses and households in his Budget rather than immediate efforts to balance the books, a Cabinet colleague indicated.
Sunak to announce culture and sports support as Tory grandee warns of tax rises
The Chancellor will provide more than £400 million of additional support for the badly hit culture sector in his Budget on Wednesday, as a Tory grandee warned taxes would “have to go up”.
Budget will pave way for strong, jobs-led recovery – Johnson
This week’s Budget will build on measures taken to protect businesses during the pandemic and pave the way for a “strong, jobs-led recovery”, Boris Johnson has said.
Rishi Sunak: Nation’s economy to face ‘enormous strains’ following lockdown
Britain’s public finances will face “enormous strains” in the wake of the third national lockdown, the Chancellor has warned.
Chancellor Rishi Sunak urged to ‘back Scotch whisky’ in Budget
Chancellor Rishi Sunak has been urged to give the whisky industry a boost and slash spirits duty in his Budget next week.
Overhaul of four tax areas could generate £55bn for taxman – think tank report
The Chancellor should use the budget for a major overhaul of four key tax areas to avoid stifling any recovery after the pandemic, according to a new think tank report.
January lockdown saw 700,000 more workers furloughed
The number of people on furlough ballooned by around 700,000 in January as harsher lockdown restrictions were imposed at the beginning of the month.
Treasury pushes business rates review back until autumn
The Treasury has confirmed it is delaying the final report on its review of business rates until later this year.
Treasury announces £1.1 billion coronavirus support boost for Scotland
The Treasury has announced a further £1.1 billion of coronavirus support funding for the Scottish Government.
MP calls for urgent debate over furlough delays ‘putting Scottish jobs at risk’
Delays in assessing furlough cash claims are putting Scottish jobs at risk, it has been claimed, with some firms still waiting to access vital support months after first being approved for the scheme.
Charles warns over ‘sheer madness’ of continuing to destroy nature
It is “sheer madness” to continue on a path of destroying the natural world, the Prince of Wales has warned at the launch of a report for the Treasury.
Calls to value nature to reverse devastating losses that put economies at risk
Nature needs to be valued alongside roads, skills and profits to halt damage to the natural world that could threaten economies, a report for the Treasury has warned.
Buy now, pay later firms will come under FCA regulation
Buy now, pay later (BNPL) credit agreements will be regulated by the Financial Conduct Authority (FCA) following a surge in shoppers turning to such products during the coronavirus pandemic.
Loans worth £2.5bn made to Scottish businesses, Treasury says
Businesses in Scotland have received loans from the UK Government worth more than £2.5 billion during the pandemic, the Treasury says.
More than £3m spent Covid-proofing Treasury, FCA and tax offices
More than £3.1 million has been spent by the Treasury, the City watchdog and HM Revenue & Customs (HMRC) on making their offices Covid-19 secure for staff, new figures have revealed.
Rishi Sunak urged to bail out seafood exporters hit by Brexit red-tape
Rishi Sunak has been urged to bail out struggling fish exporters who have lost hundreds of thousands of pounds in sales due to Brexit red tape.
North-east MPs urge Chancellor to fulfil pledge of additional £375m funding for Scottish businesses
North-east politicians have written a joint letter to the Chancellor urging him to ensure the Scottish Government receives an additional £375m of funding to help support businesses.
December ‘horrendous’ for hospitality industry, says Sturgeon
Nicola Sturgeon has said December was “horrendous” for hospitality businesses, as an industry body warned most were no longer viable.
Hospitality sector warning after ‘worst December trading in living memory’
Most hospitality businesses are not viable after the “worst December’s trading in living memory”, an industry body has warned.
Treasury gaffe sees £375m of ‘additional’ coronavirus support withdrawn
Rishi Sunak has been left red-faced after Treasury officials wrongly announced £375 million of "additional" coronavirus support cash for Scotland.
Kate Forbes ‘very keen’ to extend rates relief but decision rests on equivalent policy in England
Ministers are "very keen" to extend business rates relief in Scotland but any decision would be subject to an equivalent policy in England freeing up extra cash, the finance secretary has said.
Nicola Sturgeon to announce £100 grant for low income families in time for Christmas
Low income households are to receive a £100 direct payment before Christmas as part of a multi-million pound winter fund to help those struggling during the coronavirus crisis.
Spending review: Rishi Sunak warns economic emergency has ‘only just begun’
The economic emergency caused by coronavirus has "only just begun", Rishi Sunak warned in his spending review as he announced plans to borrow a peacetime record of almost £400 billion to combat the worst recession in more than 300 years.
Everything you need to know about Rishi Sunak’s spending review
Rishi Sunak's spending review will set the budgets for Whitehall departments on Wednesday against the grim economic backdrop of the coronavirus crisis.