Local authority pension providers have been urged to suspend or amend any policies that abate pensions for retired key workers who return to work to help tackle the coronavirus pandemic.
The economic impact of the escalating coronavirus pandemic is “much worse than feared”, and the world economy is probably already in a recession, according to ratings agency Standard & Poor’s Global.
Rishi Sunak has expanded the 100% business rates holiday to all leisure, retail and hospitality businesses, as he updated the Treasury's coronavirus package.
Public sector net debt is forecast to rise by £125bn or 4.6% of GDP, as government embarks on the largest spending increase since 1992, according to the Office for Budget Responsibility.
City of Edinburgh Council has allocated £2m of a £7.43m award from the Scottish Government’s recent budget to tackle impacts from the coronavirus outbreak.
Chancellor Rishi Sunak has announced plans to remove business rates for small businesses this year, as part of a £12bn package to tackle the economic impact of coronavirus.
The “high quality” of the local government sector made the Municipal Bonds Agency’s first bond issuance possible despite turbulent financial markets, the agency’s chairman has told PF.
Coronavirus could push a number of nations into a recession under a worst case scenario outlined by the Organisation for Economic Co-operation and Development.
The government has promised an extra £20m towards developing new vaccines for epidemics, including for three programmes aimed at immunising against the deadly coronavirus.
