UK draws up rescue plan for key companies

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Coronavirus: UK government draws up plan to rescue key firms

that Tata Steel, Britain's biggest steel producer, had approached both the Welsh and UK governments for financial aid that could run into hundreds of millions.Tata Steel says there has been a sudden drop in European steel demand, and is urgently seeking government assistance

Earlier this week, Welsh MP Stephen Kinnock told parliament that Tata Steel, which owns the steelworks in Port Talbot, needs around £500m in order to survive the pandemic. And according to the Financial Times, aviation industry bosses have been asking the government for a"long-term investment facility" that would help to support supply chains.

Jim O'Neill, former Treasury minister and ex-chief economist at Goldman Sachs, told the newspaper he has been in discussion with government officials about creating a public sector-owned funding body to take stakes in firms that would be"inherently stable" in times of normal economic activity.- deferring tax payments such as VAT and business rates, and paying over eight million workers' wages through the furlough scheme, which has been extended until 31 July.

 

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It's an unfortunate picture... The article seems fine...

Are “key firms” the ones that make donations to the Conservative Party?

SAVE SMALL BUSINESSES. they are the backbone of our communities.

It is key that we all give a firm boo to boris on tuesdays at 8pm BooAtBoris BooToBoris booforboris dominiccummimgs

Any state owned shares would be beneficial, new income to give to the nhs, next is the tax loop holes for wealthy & big biz’s,need all the cash we can get if we are rebuilding Britain together & for everybody’s future.those loop holes need stopped now, until further notice..

Deflect, deflect, deflect.

I think the key piece of news here is the magic money tree is a Birch.

So, estate agents then.

10DowningStreet plans more cash to firms with tax dodges

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Yale and Timpsons?

its us that need rescuing. From them

Who cares anymore let’s go and do what we like I’m sure just like Cummings we will get the PM’S backing of course as it was the right thing to do.

That'll be the ones that donate to the Tory party I assume .

Will they all have connections to Cummings ?

All bets are off after cummingsgate

Is this an own-goal for the fakestream media? cummingsorgoings

There can be no rescue for the Cummings/Johnson alliance.

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