Get paid faster: The Government must slash the time Brits wait for their first Universal Credit payments from five to two weeks, helping stop 7 million from being pushed into debt. Keep more of what you earn:The work allowance should be increased and the taper rate should be slashed from from 63p to 50p, helping at least 4 million families. Don’t get punished for having a family: Parents should get the 85 per cent of the money they can claim for childcare upfront instead of being paid in arrears. Together, these changes will help Make Universal Credit Work. … [Read more...] about Universal Credit Q&A: My child’s school isn’t open and I need to work – can I get help with childcare costs?
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"The chances of securing widespread economic recovery will depend critically upon governments around the world successfully mobilising various newly announced support programmes, which in these unique circumstances will be essential to protect people's livelihoods," he wrote. … [Read more...] about Coronavirus: Virgin Atlantic targets £900m rescue deal within days
“I have been very supportive of asset management companies. I think they are useful,” he told reporters, highlighting the success of bad banks in Spain and Ireland in the aftermath of the financial crisis. “Many of these schemes have ended up in the black, making profits.” … [Read more...] about Exclusive: ECB prepares ‘bad bank’ plan for wave of coronavirus toxic debt