{"componentChunkName":"component---src-templates-post-js","path":"/sunaks-gonna-spend/","result":{"data":{"ghostPost":{"id":"Ghost__Post__602e312a72ac0b0039684273","title":"Sunak’s gonna spend","slug":"sunaks-gonna-spend","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/02/minute_386.png","excerpt":"There are less than 2 weeks to go until chancellor Rishi Sunak’s March budget.","custom_excerpt":"There are less than 2 weeks to go until chancellor Rishi Sunak’s March budget.","created_at_pretty":"18 February, 2021","published_at_pretty":"18 February, 2021","updated_at_pretty":"18 February, 2021","created_at":"2021-02-18T09:19:38.000+00:00","published_at":"2021-02-18T09:28:38.000+00:00","updated_at":"2021-02-18T09:33:28.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"The 1-minute read to get the money news you need.\n\nBudget countdown\nThere are less than 2 weeks to go until chancellor Rishi Sunak’s March budget.\nHe’d hoped to be talking about rebuilding the economy and paying down public\ndebt. But now his plans are expected to focus on support measures\n[https://www.theguardian.com/uk-news/2021/feb/18/budget-to-provide-fresh-covid-rescue-package-as-tax-rises-deferred] \nfor struggling sectors like hospitality. Sunak backs a cautious reopening of the\neconomy - which probably means he will extend schemes like furlough and business\nloans.\n\nAnd if he doesn’t\n1 in 4 firms will have to let workers go\n[https://www.reuters.com/article/uk-health-coronavirus-britain-economy-idUSKBN2AI001] \nif the furlough scheme isn’t extended beyond the end of April, according to the\nBritish Chambers of Commerce (BCC). 61% of BCC member businesses have suffered a\nfall in sales since October. They’re calling for support to continue until they\ncan reopen and rebuild.\n\nNo promotions?\nRemote working will cost workers in lower wages\n[https://www.cityam.com/remote-working-will-come-at-a-cost-ftse-and-sp-500-hiring-execs-warn/] \nand fewer promotions, according to HR execs in top companies. Two thirds think\nemployees will spend less time at the office - and many believe wages would be\nadjusted if workers’ living costs are lower. Some also said they thought\npromotions could be restricted for people who work solely from home.\n\nGameStop lawsuits start\nAn investor who became a key figure in the GameStop saga last month is now \nfacing a class action lawsuit [https://www.bbc.co.uk/news/business-56106824]. He\nused his YouTube channel to urge people to buy shares in the gaming company.\nHe’s accused of market manipulation in the lawsuit filed by a guy who bought\ninto GameStop shares.","html":"

The 1-minute read to get the money news you need.

Budget countdown

There are less than 2 weeks to go until chancellor Rishi Sunak’s March budget. He’d hoped to be talking about rebuilding the economy and paying down public debt. But now his plans are expected to focus on support measures for struggling sectors like hospitality. Sunak backs a cautious reopening of the economy - which probably means he will extend schemes like furlough and business loans.

And if he doesn’t

1 in 4 firms will have to let workers go if the furlough scheme isn’t extended beyond the end of April, according to the British Chambers of Commerce (BCC). 61% of BCC member businesses have suffered a fall in sales since October. They’re calling for support to continue until they can reopen and rebuild.

No promotions?

Remote working will cost workers in lower wages and fewer promotions, according to HR execs in top companies. Two thirds think employees will spend less time at the office - and many believe wages would be adjusted if workers’ living costs are lower. Some also said they thought promotions could be restricted for people who work solely from home.

GameStop lawsuits start

An investor who became a key figure in the GameStop saga last month is now facing a class action lawsuit. He used his YouTube channel to urge people to buy shares in the gaming company. He’s accused of market manipulation in the lawsuit filed by a guy who bought into GameStop shares.

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