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Coronavirus: No extra help for airlines, chancellor says

The UK chancellor has told airlines to find other forms of funding and not turn first to the government for help getting through the coronavirus crisis.

Crossrail and HS2 put on hold amid safety fears [subscription]

Work on some of Britainís biggest infrastructure projects was halted or scaled back yesterday.

Wednesday, 25 March 2020

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  • The UK airline industry should first ask their own shareholders for bailoutsCarriers such as IAG and easyJet have boasted of healthy cash balances ‚Äď it‚Äôs the regional airports more worthy of Treasury helpRishi Sunak is right: airlines should ask their own shareholders for a bailout before they tap up the Treasury for public money.The chancellor‚Äôs stance can be considered a U-turn since he seemed only last week to be ready to regard aviation as a special case. But a lot can happen in a few days and, in the interim, Sunak unveiled his flagship ‚Äúfurlough‚ÄĚ scheme to keep workers in jobs by paying 80% of wages, up to ¬£2,500 a month. That‚Äôs a huge help for all service indus...

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