BUSINESS LIVE: Sunak to set out £500m jobs plan; Leahy set for return with £7bn Morrisons deal; Plus500 ups guidance again
Rishi Sunak will today unveil a £500million funding package to help get furloughed workers back into jobs, in his first in-person appearance at Conservative conference as Chancellor of the Exchequer.
The £70billion furlough scheme is credited with saving millions of jobs, but around one million workers were still on the programme when it finally closed last week, sparking fears of a surge in unemployment.
Former Tesco boss Terry Leahy is set to return to supermarkets after spearheading the £7billion takeover of Morrisons.
Having advised the successful bid by private equity giant Clayton, Dubilier & Rice, Leahy is widely expected to become Morrisons’ chairman once the deal completes.
Online trading platform Plus500 expects revenue and core earnings for the current year to top market estimates as it raised its forecast for the second time in less than three months.
Plus500 said it saw further positive momentum during the third quarter, buoyed by greater market volatility.
Rishi Sunak’s first in-person appearance at Conservative conference as Chancellor of the Exchequer will see him unveil a £500million funding package to help get furloughed workers back into jobs.