Bank of England Cuts Interest Rates in Emergency Move to Combat Coronavirus Crisis

In an effort to get people eating out again, Chancellor Rishi Sunak said the Government would cover half the cost of people's meals in August.

The Tories' deployed yet another slogan in the fight against coronavirus today, leaving people either shuddering with laughter - or merely shuddering.

restaurant and pub bills slashed in half when eating out. In a bid to kickstart the struggling hospitality industry, the government announced the new discount scheme to coax families out of lockdown.

The UK's coronavirus debt will take "decades" to pay off as the nation faces the deepest recession in its history, experts warned today.

Fast food giant Burger King has warned that up to 1,600 jobs could be lost as a result of the coronavirus pandemic.Only about 370 of the restaurant chain’s 530 UK stores have reopened since the nation went into lockdown.Chief executive Alasdair Murdoch told the BBC’s Newscast that the economic damage stemming from the crisis could ultimately force the company to permanently close up to 10% of its stores, reports PA.He told Newscast: "We don’t want to lose any (jobs).

UK Governmen t has announced that employers who bring back furloughed staff and keep them on until the end of January 2021 will be given a £1,000 bonus. Chancellor Rishi Sunak said the Jobs Retention Bonus could cost up to £9 billion if all furloughed workers are retained.

Burger King UK's boss has warned that up to 1,600 jobs could be lost as a result of the coronavirus pandemic.

Chancellor Rishi Sunak has unveiled his plan to get Britain working again - but it's full of holes.

were announced as part of Chancellor Rishi Sunak’s wider plan to boost the UK’s economy as it looks to recover from coronavirus.

Tory Rishi Sunak has boasted he will get the economy back on its feet after more than three months of coronavirus lockdown.

More than one in three small firms with furloughed workers fear they’ll never reopen, according to new figures for the North West.

The Chancellor has announced a new bonus scheme to encourage employers to get furloughed staff back to work.Announcing a mini budget in the House of Commons this afternoon, Rishi Sunak said employers would be paid £1,000 for each employee they bring back in.The jobs retention bonus, as it has been named, will be paid as long as the employee i kept in work until January, and is paid at least £520 per month, on average.The scheme could cost the government up to £9bn if all furloughed workers return, the chancellor said.Mr Sunak told MPs that the furlough scheme could not go on indefinitely and will be wrapped up in October, as previously announced.He said: “Leaving the furlough scheme open forever gives people false hope that it will always

Chancellor Rishi Sunak made the announcement during his summer statement on Wednesday and said the "Eat Out to Help Out" scheme would provide 50 per cent off - up to a maximum of £10 per head - meals at participating businesses across the UK. Restaurants, cafes and pubs have been severely affected by the coronavirus lockdown, with many staff placed on the UK Government's Job Retention Scheme.

An advisor to the Scottish Government on coronavirus has backed a 70 per cent tax rate to cope with the pandemic.

NHS staff and key workers risking their lives in the coronavirus battle may face a two-year pay freeze as recession hits Britain.

Chancellor Rishi Sunak has unveiled a "jobs, jobs, jobs" package worth up to £30bn to help the UK in the wake of the coronavirus pandemic.

The UK Government’s furlough scheme, currently supporting 7.5 million jobs, will be extended until the end of October, although employers will be expected to pick up a share of the bill from August as the economy hopefully reopens.

The Government will have to raise taxes and freeze wages to pay the estimated £300 billion coronavirus bill, a leaked document reportedly claims.

The scheme pays 80% of wages for affected employees

By Manori Ravindran

Chancellor Rishi Sunak is expected to announce an extension to the furlough scheme this afternoon.