Chancellor under pressure to extend furlough scheme as he unveils £2bn plan for youth jobs

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Rishi Sunak sets out Covid-19 economic recovery plan in statement to MPs

’s deputy director Garry Young said it would make “economic sense” for Sunak to announce it will continue until GDP returns to 2019 levels, warning: “Premature withdrawal of the measures could mean that the long-term adverse impact on the public finances ends up being worse than the cost of continued short-term support.”

 

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Chancellor under fire over £1bn energy-efficiency plan after Tory manifesto pledged £9.2bnCash is fraction of tens of billions being spent on a green recovery in Germany and France, campaigners warn massive head small body Same old Tories, always dissembling. Singe19729315 Tory lies exposed ... The red wall must be so pleased they lent them their votes...
Source: The Independent - 🏆 80. / 59 Read more »

Homeowners to get £2bn of vouchers to insulate homes under green schemeHOMEOWNERS will get £2billion of vouchers to insulate homes as part of Chancellor Rishi Sunak’s plans to create more than 100,000 green jobs. Hundreds of thousands of households will get the grants… So the friends of the Tories are going to make another fortune doing home insulation 👍 How will we pay the remainder of the bill when we haven’t got jobs? I suspect private landlords will be claiming this benefit and passing the remaining costs onto rents. Yay can't wait to see idiots getting cavity wall insulation that makes your house colder and damp. Great news
Source: TheSun - 🏆 64. / 61 Read more »

Stripping out Huawei 5G kit will cost telecoms industry £2bnStripping out Huawei equipment from the UK's 5G infrastructure could cost the telecoms industry up to £2bn, according to industry experts Worth it. We've just given the Arts a 1.5 Billion bail out. I think this is a bit more important. Let’s focus on why we invested in Huawei technologies in the first place, and why now we are realising we shouldn’t have done. This highlights how far the uk is up America’s ass. A couple of weeks ago Ericsson said that (if asked) they could remove all the Huawei currently installed in the existing 4G and nascent 5G networks inside of 2 years. As for the cost of the swap out? What price do you put on our national security?
Source: The Telegraph - 🏆 41. / 63 Read more »

Virgin Australia investors owed $2bn try to block sale to Bain CapitalBondholders call for administrators’ selling process to be declared unacceptable
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Chancellor under fire over £1bn energy-efficiency plan after Tory manifesto pledged £9.2bnCash is fraction of tens of billions being spent on a green recovery in Germany and France, campaigners warn massive head small body Same old Tories, always dissembling. Singe19729315 Tory lies exposed ... The red wall must be so pleased they lent them their votes...
Source: The Independent - 🏆 80. / 59 Read more »

Vouchers of up to £5,000 for home insulationThe chancellor will announce £2bn of grants to fund energy-saving projects for homeowners in England. Pound to a penny the BBC will find somebody who will complain about this. This is the worst plan I've ever witnessed thats not bad😊
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