Today news
About the same in other media
30.12 - 13:37
Rishi Sunak faces fiscal dilemma after rare political misstep
Reading now: 998
Hobnobbing with tech bosses in California as the hospitality sector howled in pain at the catastrophic impact of the Omicron variant was a rare political misstep for a chancellor whose public image is so carefully polished.
Until midweek, the Treasury had stuck carefully to the line that ample financial support was already available to hard-hit hospitality firms – the VAT cut for the sector extends into next spring, for example.
And Downing Street officials maintained that since they weren’t ordering businesses to close, additional help would not be necessary.
Sunak himself was said to be deeply sceptical about turning the bailout taps back on, after the furlough scheme was finally wound down in the autumn, and as he tries to rebuild his
Read more on theguardian.comAbout this in other media
Businesses hit by Omicron to get £1bn bailout, says Rishi Sunak theguardian.com /2 years ago
The political Santas and Grinches of the crypto industry in 2021 cointelegraph.com /2 years ago
Argentine Crypto Firm Sets up El Salvador Base to Side-step Fiscal Reporting Duties cryptonews.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
