Coronavirus: UK tech sector ‘at risk’ as firms miss out on loans April 8, 2020 The thriving UK tech sector is under threat as firms are missing out on a £330bn coronavirus support plan, Deliveroo, Citymapper and more have warned. In a letter to chancellor Rishi Sunak, 12 of the UK’s most prominent tech chiefs today called for an urgent meeting with officials to find a way for tech firms [...]
UK’s wage subsidy scheme on track for April roll out April 8, 2020 The government’s wage subsidy scheme is on track to be open on schedule as the nation’s top taxman warns it could be targeted by fraudsters. The Job Retention Scheme sees the government pay 80 per cent of wages, up to £2,500 a month, for employees that have been unable to work during the Covid-19 crisis [...]
Coronavirus business loans hit £450m but doubts about scheme remain April 8, 2020 UK banks have now lent £453m through the government’s coronavirus business loans scheme as it picks up following an overhaul, although a large number of firms are still struggling to access the cash they need. The Treasury said today that more than 2,500 loans for business had been approved as of yesterday via the coronavirus [...]
‘Urgent action’ must be taken to protect more workers, says Treasury committee April 8, 2020 Urgent action must be taken to provide economic relief for those not covered by the government’s coronavirus support packages, according to parliament’s Treasury committee. Mel Stride, chair of the Treasury Select Committee, wrote to chancellor Rishi Sunak today to ask for an extension of the government’s self-employed coronavirus package in particular. The committee said it [...]
Rishi Sunak to hand £750m in assistance to UK’s charities April 8, 2020 Chancellor Rishi Sunak has unveiled a £750m package to assist the country’s frontline charities during the coronavirus pandemic. Charities providing essential services and supporting vulnerable people will be eligible to receive direct funding from the government out of a £360m pool. These will include hospices, St Johns Ambulance, victims charities, vulnerable children charities and citizens [...]
Boris Johnson’s condition is ‘improving’ as he battles coronavirus April 8, 2020 Prime Minister Boris Johnson remains in intensive care in St Thomas’ hospital, but his condition is “improving”, chancellor Rishi Sunak has said. Speaking at this afternoon’s press conference, Sunak added that Johnson has “been sitting up in bed and engaging positively with his clinical team”. The chancellor said that the Prime Minister’s hospitalisation was a [...]
UK coronavirus death toll jumps by 938 to pass 7,000 April 8, 2020 The UK coronavirus death toll has jumped by 938 to hit 7,097, the Department of Health has confirmed. The figure marks an increase on the 786 fatalities recorded yesterday, as the daily death toll continues to grow ahead of the Easter weekend. Health officials have warned that the long weekend could see the peak of [...]
Airlines set to save millions as air traffic control payments deferred April 8, 2020 The UK’s airlines could save tens of millions of pounds a month after European governments took steps to allow them to defer payments for using UK and European airspace for 14 months. The new measures, which were agreed by air traffic body Eurocontrol’s member states, will cover the period between February and May 2020. In [...]
Boris Johnson stable after second night in intensive care April 8, 2020 Prime Minister Boris Johnson spent a second night in intensive care but is in a stable condition after receiving oxygen support. Johnson tested positive for coronavirus nearly two weeks ago and was admitted to St Thomas’ hospital in London on Sunday night. On Monday evening he was admitted into intensive care after his condition deteriorated. [...]
Coronavirus loan scheme risks ‘wall of redundancies and defaults’ say critics April 7, 2020 The failure of the coronavirus loan programme to help struggling small and medium-sized businesses risks triggering a “wall of redundancies and defaults” say critics.