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Tag: bailout

Sunak’s virus bailout ‘not enough’ as the flood keeps coming | World news

Every sector of the British economy is suffering and asking the government to do more. Such is the scale of the economic hit that the country is facing from the coronavirus pandemic that even the widening of the government’s bailout last week has failed to assuage business leaders’ concerns. The travel industry is seeking a …

Sunak’s virus bailout ‘not enough’ as the flood keeps coming | World newsRead More

The Treasury should be wary of giving a bailout to Virgin Atlantic | Business

You have to admire Sir Richard Branson’s tactics. A begging letter from an island-dwelling billionaire doesn’t gain sympathy. A co-ordinated lobbying campaign that involves Airbus, Heathrow airport and Rolls-Royce – all big employers in the UK – gets noticed at the Treasury. And, naturally, one can see why the trio want Virgin Atlantic to survive, …

The Treasury should be wary of giving a bailout to Virgin Atlantic | BusinessRead More

Coronavirus makes Flybe’s case for a bailout look even weaker | Business

If you want a £100m loan from the government to keep flying, make sure your case is transparent and solid. Flybe’s pleas, sadly, seemed to fail on both scores. The company’s possible collapse creates a headache for ministers since the airline operates almost 40% of UK domestic flights and employs more than 2,000 people, but …

Coronavirus makes Flybe’s case for a bailout look even weaker | BusinessRead More