Budget: Government risks lost generation of self-employed Brits, warns tax leader October 27, 2021 Ahead of the Budget today, the Chancellor has been urged to resist introducing further tax changes that offer ‘quick wins’ for the economy but deal long-term, or even permanent, damage to the UK’s self-employed workforce. After breaking a Conservative manifesto pledge in September by announcing the social care levy, which will see national insurance and [...]
Autumn Budget LIVE: Chancellor to usher in ‘age of optimism’ October 27, 2021 Expectations are sky high after Chancellor of the Exchequer, Rishi Sunak, promised to usher in an ‘age of optimism’ with the Autumn budget. While the official announcement is not expected until 12:30 this afternoon the Chancellor has already briefed press on where key portions of the money are going to be allocated. In fact, Sunak [...]
Today’s Budget: Sunak’s dilemma of greater spending vs balancing the books October 27, 2021 Later today, Chancellor, Rishi Sunak will reveal the government’s tax and spending plans in the 2021 Budget. It is widely expected Sunak will focus on support for businesses and individuals in the aftermath of Covid 19. Spreading the wealth around the UK with the government’s ‘levelling up’ promises, as well as its plans for greener energy [...]
New stadium in Cornwall could change the sporting landscape October 27, 2021 For a region boasting a population of 550,000, it has long been an anomaly that Cornwall lacks a large-scale sports stadium. That could begin to change today, however, as a decision at today’s Budget could set in motion a series of events resulting in a major shift of Cornwall’s sporting landscape. The Stadium for Cornwall [...]
Budget: Sunak advised to take inspiration from Biden to avoid ‘failures of the past’ October 27, 2021 Chancellor Rishi Sunak should take inspiration from US president Joe Biden to avoid “failures of the past.” Ahead of today’s Budget, Ian Blackford said he fears “more of the same” from the Chancellor after a decade of austerity under Conservative governments. And the SNP Westminster leader insisted the UK should look towards the response of [...]
Budget: Rishi Sunak’s ‘age of optimism’ boosted by higher growth forecast post-Covid October 27, 2021 The Chancellor is planning to strike an upbeat tone as he talks up building a “stronger economy of the future” in his Budget, later today, with the promise of rising wages, cash for the NHS and investment into regional transport projects. Rishi Sunak will hail a “new age of optimism” and he will have more [...]
Sunak to hail Budget as ushering in ‘new post-Covid economy’ but Brits await detail October 27, 2021 Billions of pounds of funding for the NHS and wage rises for millions of workers will make Rishi Sunak hail his Budget as ushering in a “new economy” after the coronavirus pandemic. The Chancellor is to bill his tax and spending plans today as preparing an “economy fit for a new age of optimism” as [...]
Budget Day: All eyes are on Rishi Sunak’s tax and spending plans October 27, 2021 With all the briefings that have been taking place since the weekend there would appear to be little in the way of surprises when the Chancellor of the Exchequer gets up to speak later today. Most of the content appears to have already been pre-briefed much to the displeasure of the Speaker of the House [...]
Calls for at least £15bn funding for remediation works to tackle cladding crisis October 26, 2021 The government has been called on to announce more funding to tackle the cladding crisis at tomorrow’s Budget. Law firm Irwin Mitchell also called for measures including giving leaseholders up-front government funding for remediation works, with no repayment obligation. While the government has announced £5bn to address the issue so far, the sum required is [...]
Exclusive: HMRC’s capital gains tax receipts hit record £11.5bn while Budget increase looms October 26, 2021 There has been much speculation around whether Chancellor Rishi Sunak will increase capital gains tax rates during tomorrow’s budget, which could result in business owners and individuals paying significantly more when they come to sell assets. The increase looms despite HMRC receipts from CGT having risen by 62 per cent in the last five years, [...]