Categories
Lyrics

Sunak prepares to break ‘triple lock’ state pension pledge – FT

British finance minister Rishi Sunak is planning to break the Conservative Party’s “triple lock” state pension pledge, the Financial Times reported, saying the Treasury fears the policy may become unaffordable due to the economic fallout of the coronavirus outbreak.

Categories
Lyrics

UK might be able to change quarantine rules for travellers, says Sunak

Britain’s government is looking at options for its two-week quarantine for people entering the country and might be able to make changes to the rules, finance minister Rishi Sunak said on Sunday.

Categories
Lyrics

Britain facing hardship ahead, finance minister says

Britain is facing a period of hardship as the COVID-19 lockdown hits jobs and livelihoods but the government will do everything it can to create new employment, finance minister Rishi Sunak said on Wednesday.

Categories
Lyrics

Britain’s Sunak picks ex-official Hughes to head budget watchdog

British finance minister Rishi Sunak said on Friday he had picked Richard Hughes, a former senior official at Britain’s Treasury and the International Monetary Fund, as the next head of the country’s influential budget watchdog.

Categories
Lyrics

Sunak tells street traders: ‘It’ll get busier’

British finance minister Rishi Sunak told traders at a London street market on Monday that business would pick up in coming days as people started to get their lives back to normal following the government’s easing of the coronavirus lockdown.

Categories
Lyrics

UK helps employers with slow phase-in of job shield costs

British finance minister Rishi Sunak offered fresh help to employers hammered by the coronavirus shutdown on Friday in the form of a gradual phase-in of contributions from them to the government’s costly wage subsidy scheme.

Categories
Lyrics

UK COVID-19 confirmed death toll rises 324 to 38,161

The United Kingdom’s death toll from confirmed cases of COVID-19 has risen by 324 to 38,161, finance minister Rishi Sunak said on Friday.

Categories
Lyrics

UK gives £32 billion in loans and guarantees to COVID-hit companies

The British government has awarded more than 32 billion pounds in loans and guarantees to businesses to see them through the coronavirus pandemic, finance minister Rishi Sunak said on Tuesday.

Categories
Lyrics

UK economy will take time to return to normal after lockdown – Sunak

British finance minister Rishi Sunak said on Tuesday it would take time for the economy to get back to normal even when the government’s coronavirus shutdown is lifted.

Categories
Lyrics

Over two million UK self-employed claim COVID grants – Sunak

British finance minister Rishi Sunak said more than 2 million claims for one-off grants, worth 6 billion pounds, had been made under a scheme to provide income support for self-employed people during the coronavirus crisis.

Categories
Lyrics

UK says 110,000 applied for self-employed income scheme after launch

British finance minister Rishi Sunak said 110,000 self-employed people had applied for a new income support scheme as of 1100 GMT on Wednesday, the day of its launch.

Categories
Lyrics

Sunak says it is too soon to talks about post-COVID spending cuts

British finance minister Rishi Sunak said it was too soon to look at how to fund the longer-term financing cost of measures to mitigate the impact of COVID-19, following a newspaper report that officials were recommending tax rises or spending cuts.

Categories
Lyrics

Sunak says job retention scheme is expensive, should end by October

Britain’s coronavirus job retention scheme is expensive and cannot continue indefinitely, finance minister Rishi Sunak said on Tuesday after announcing the government would extend it by four months to October.

Categories
Lyrics

UK wage subsidy scheme costing 8 billion pounds a month – Sunak

British finance minister Rishi Sunak said the government’s coronavirus jobs retention scheme was costing about 8 billion pounds ($9.8 billion) a month but the final costs were hard to estimate because it depended on take-up.

Categories
Lyrics

No trade-off between health and economy, Sunak says

British finance minister Rishi Sunak said he did not see a trade-off between measures to combat the health impact of the coronavirus and the country’s economic wellbeing, after government forecasters estimated output could fall by a third.

Categories
Lyrics

UK does not face health vs economics choice over coronavirus – Sunak

British finance minister Rishi Sunak said the government was not facing a choice between slowing the spread of the coronavirus or protecting the economy.

Categories
Lyrics

Johnson ‘improving’ as he fights COVID-19 in intensive care

British Prime Minister Boris Johnson’s condition is improving and he is able to sit up in bed and engage with clinical staff, finance minister Rishi Sunak said on Wednesday as Johnson remained in intensive care battling COVID-19.

Categories
Lyrics

UK government to hold emergency response meeting to discuss lockdown review

The British government will hold an emergency response meeting, known as Cobra, on Thursday to discuss how it should deal with a review on lockdown measures, finance minister Rishi Sunak said.

Categories
Lyrics

PM Johnson’s condition improving as he fights COVID-19 in intensive care – minister

British Prime Minister Boris Johnson’s condition is improving and he is able to sit up in bed and engage with clinical staff, finance minister Rishi Sunak said on Wednesday as Johnson remained in intensive care battling COVID-19.

Categories
Lyrics

UK to give frontline charities more cash during virus lockdown

Britain’s finance minister Rishi Sunak announced on Wednesday an extra 750 million pounds of funding for frontline charities so they can continue their work during the coronavirus outbreak.

Categories
Lyrics

Finance minister Sunak, 39, next in line to lead country after Raab

British finance minister Rishi Sunak would take responsibility for leading the country if Dominic Raab, currently standing in for hospitalised Prime Minister Boris Johnson, were also incapacitated.