The chancellor, Rishi Sunak, is to offer 700,000 shops, pubs, restaurants, hotels and other businesses, grants of up to £18,000 each as part of a £5bn rescue scheme to prevent mass bankruptcies. News of the plan – to be announced in Wednesday’s budget – comes as Sunak faces increasing pressure to avoid or postpone significant…
Kathryn Smart was struggling to make ends meet at the start of England’s latest lockdown. The 45-year-old usually earns £1,100 a month working at a debt collection agency in Sunderland, but reduced her hours to help home-school her six-year-old son. Smart needed money to tide her family over, but knew she would not qualify for…
Young people who have been furloughed before being made redundant, or out of work for six months, would be guaranteed training, education or work placements geared to the needs of the post-pandemic economy, under ambitious plans unveiled on Sunday by Labour. The pledge to youngsters, whose progress in the jobs market has been blighted by…
The chancellor is expected to unveil a mortgage guarantee scheme that aims to help first-time buyers get their foot on the property ladder in next week’s budget. Rishi Sunak is attempting to incentivise lenders to provide mortgages to first-time buyers, along with current homeowners, with deposits as low as 5% on properties worth up to…
Isas have fallen out of favour with some consumers but with tax increases potentially on the way to cover the bill for the coronavirus pandemic, experts are urging those with money to save or invest to take advantage of the allowances available to them. Many Britons have seen their incomes remain much the same but…
It has been one of the main topics of conversation all week: can we – should we – book a holiday for 2021? And will we be able to get our money back if it does not work out? Within hours of Boris Johnson presenting his plan on Monday to move England out of lockdown,…
