Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

UK's Sunak rules out extra help for firms hit by extended COVID-19 restrictions -FT

06/18/2021 | 05:31am EDT
Rishi Sunak hosts a press conference in Downing Street

(Reuters) - British finance minister Rishi Sunak has ruled out any further extension of support to businesses, despite the UK government forcing many to close for an extra four weeks, The Financial Times reported https://on.ft.com/3iJJnbY.

"What we did was deliberately go big and go long in terms of the support, we erred on the side of generosity," Sunak said in an interview published late on Thursday. "We very explicitly said at the time that was to accommodate delays to the road map."

Earlier this week, the finance ministry said it would extend until March 2022 a ban on evictions of businesses that stopped paying rent due to the coronavirus crisis.

But Sunak was quoted by the FT as saying he would not bow to pressure to prolong other measures such as the jobs-protecting furlough scheme and relief on taxes companies must pay based on the value of the properties they occupy.

The furlough programme is due to end on Sept. 30 and businesses with furloughed staff will need to contribute towards employee wages from July 1.

(Reporting by Akriti Sharma in Bengaluru and William Schomberg in London; Editing by Chris Reese and David Milliken)


ę Reuters 2021
Latest news "Economy & Forex"
05:38pRobinhood shares surge 50%, as investors scoop up 'the meme of memes'
RE
05:35pUtilities Flat As Treasury Yields Remain Depressed -- Utilities Roundup
DJ
05:32pCommunications Services Up On Rotation To Growth Sectors -- Communications Services Roundup
DJ
05:27pREADOUT : Deputy Secretary of the Treasury Wally Adeyemo's Meeting with the Board of Directors of the National Bankers Association
PU
05:26pFinancials Down With Treasury Yields -- Financials Roundup
DJ
05:26pBrazil Central Bank Raises Benchmark Rate to 5.25%, Sees More Hikes -- Update
DJ
05:23pConsumer Cos Down After Weak ADP Jobs Report -- Consumer Roundup
DJ
05:16pUkraine court returns to state ownership tycoon's stake in titanium plant
RE
05:14pWilliams Companies to provide services for Whale deepwater project
RE
05:06pGuyana receives 15 bids from companies aiming to market govt crude
RE
Latest news "Economy & Forex"