Chancellor Rishi Sunak has announced three new measures to help businesses through the Omicron wave: £1bn in grants for the hospitality sector, £30m to the cultural recovery fund to support theatres and museums, and the reintroduction of the Statutory Sick Pay rebate scheme for small and...
Shadow Business Secretary Jonathan Reynolds "wants to know what the chancellor is waiting for" while he delays introducing measures to help UK families deal with the cost-of-living crisis. He says he "doesn't understand the government's strategy" and the fact that MPs have no policies to tell their constituents about is an "indictment" of Rishi Sunak and the Prime Minister's decision-making. Report by Edwardst. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Policing Minister Kit Malthouse warns the coming months are going to be "very challenging" and that households "up and down the land" are going to have make "challenging decisions". He says there are a "variety" of things that Chancellor Rishi Sunak could introduce but adds that the government will have to think "carefully" about the "cocktail of measures" they take. Report by Edwardst. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rishi Sunak has warned that a "perfect storm" of global events, such as the war in Ukraine and Covid lockdowns in China, has put the economy in an "extremely serious" situation.
Speaking to the CBI annual dinner on Wednesday, the Chancellor said the government "stands ready to do more" to help families cope with the cost-of-living crisis after inflation rose to a 40-year high of 9% in April. Report by Buseld. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn