Business

[ad_1] Image copyright fake pictures Travel firm Tui warned that up to 8,000 jobs will be cut as it seeks to cut costs by 30% due to the coronavirus pandemic. The firm said its billing and earnings would be significantly lower in the current financial year, with cost savings that …

[ad_1] The government will have to raise taxes and freeze wages to pay the estimated £ 300 billion bill for coronavirus, according to a leaked document. A confidential Treasury assessment said the UK deficit could hit £ 337 billion this year due to the crisis. Measures that include income tax …

[ad_1] OROn Monday, May 11, Elon Musk attempted to become a hero in the anti-public health movement when he dared authorities to arrest him for restarting production at the Tesla car factory in Northern California, defying the local refugee order. in the place. . Neither Musk nor anyone else has …

[ad_1] The government will have to raise taxes and freeze wages to pay the estimated £ 300 billion bill for coronavirus, according to a leaked document. A confidential Treasury assessment said the UK deficit could hit £ 337 billion this year due to the crisis. Measures that include income tax …

[ad_1] 5.23am BST05:23 Bethan McKernan Yemen faces coronavirus spectrum amid aid cuts Ramadan is a quiet matter in Yemen this year. “People are very afraid,” said Ahmed, a humanitarian worker in the rebel-controlled capital of Houthi, Sana’a, who asked that his last name be withheld. “There is no money, there …

[ad_1] Image copyright Getty Images Millions of self-employed people whose business has been affected by coronavirus can apply for grants from the government from Wednesday. The Self Employed Income Support Scheme is designed to match the support being given to furloughed employees. The grants will be calculated as 80% of …

[ad_1] Financial assistance for an estimated 3.8 million self-employed workers opens for applications, with promises to pay within six business days. The self-employment income support plan (SEISS) was first announced in March, amid a clamor from business groups for help aimed at plumbers, electricians, musicians, many freelancers and hairdressers, unable …

[ad_1] The British pandemic bill could hit £ 300 billion and force tax increases, cuts to state pensions and a public sector wage freeze, a Treasury document warns. A document prepared for Chancellor Rishi Sunak said austerity-style policies, including drastic cuts in public spending and welfare, may have to be …

[ad_1] The bad economic news is something we have had to get used to in the past two months, but yesterday was something of a hard blow. Chancellor Rishi Sunak’s announcement that he would extend the job retention scheme through October is the most sinister of all the bailout amendments …

[ad_1] The severity of Britain’s economic recession could force the Bank of England to increase its stimulus, according to one of the central bank’s top officials. Ben Broadbent, deputy governor for monetary policy, said it was “quite possible” for officials to vote to expand the quantitative easing (QE) program to …