MINISTERS HAVE SPENT £10BILLION ON BUNGLED TEST AND TRACE SCHEME Ministers spent an astonishing £10 billion on the bungled test and trace programme as part of an extra £48 billion of spending on public services during the coronavirus crisis, it has emerged. … [Read more...] about Boris Johnson MISSES his promise to turn all coronavirus swabs around within 24 hours by the end of June: Number 10 admits ‘we need to do more’ as separate data shows Test and Trace is getting WORSE at finding close contacts
Current 10 year treasury rate
John Lewis confirmed that eight of its stores will not be reopening after closing for lockdown. The ailing department chain will permanently close major sites in Birmingham and Watford, as well as smaller outlets at Heathrow airport, St Pancras train station in London and four At Home shops in Croydon, Newbury, Swindon and Tamworth. … [Read more...] about Britain records 85 more Covid-19 deaths as Northern Ireland goes a WEEK without suffering any coronavirus fatalities
Mr Sunak announced a 50% ‘Eat Out to Help Out’ discount among measures to get customers back into restaurants, cafes and pubs from Monday to Wednesday during August up to a maximum discount of £10 per head for everyone. Businesses can then claim the money back Stamp duty threshold will increase from £125,000 to between £300,000 and £500,000 for six months to boost housing market; A radical plan to pay the wages of up to 300,000 young people on Universal Credit if businesses agree to take them on for at least six months; A £2billion scheme to subsidise home insulation and other environmental upgrades that ministers hope will support more than 100,000 jobs; A temporary cut in VAT which is expected to be focused on struggling sectors like hospitality; … [Read more...] about Rishi’s £1,000-a-head bribe to stop bosses sacking furloughed workers: Chancellor launches £9BILLION ‘jobs bonus’ scheme but how much will be wasted on employers who would have taken staff back anyway?
What other measures has Rishi Sunak announced? The VAT measures come as part of Mr Sunak's mini-Budget today which revealed a huge package to help boost jobs, particularly for younger workers with the launch of a "Kickstart" employment scheme for 16- to 24-year-olds. … [Read more...] about How 5% VAT on hotels and meals out will cut £300 off one-week family staycation
Initially, with higher borrowing. The most recent forecast from the independent Office for Budget Responsibility is that the budget deficit this year will be £300 billion. That figure will now be higher following the £30 billion announced yesterday. Current levels of borrowing are more than twice that left behind by Labour after the 2008-09 financial crisis. … [Read more...] about Ministers have spent £10BILLION on bungled Test and Trace system that STILL isn’t fully operational – and an ‘eye-watering’ further £15bn on PPE for frontline health staff after ‘mark-ups by suppliers’