Budget 2021: UK to return to offering 0.7 per cent of national income in foreign aid October 27, 2021 True to his promise, chancellor Rishi Sunak has said the UK will return to offering 0.7 per cent of gross national income (GNI) in overseas aid over the next four years. The spending will grow from the 0.5 per cent rate it is now before the parliament’s end in 2024, earlier than the office for [...]
Budget 2021: Levy for property developers to fund removal of unsafe cladding October 27, 2021 Chancellor Rishi Sunak has reiterated plans for a levy for property developers to help create a fund to remove unsafe cladding. Speaking at the Budget, Sunak said property developers with profits over £25m will face a levy at a rate of 4 per cent. This will be used to help create a £5bn fund to [...]
Budget 2021: Sunak extends HGV road user levy until 2023 October 27, 2021 Chancellor Rishi Sunak has announced that the HGV road user levy will be suspended until 2023. It was initially suspended until August in 2022, but this will now be extended for a further year. Speaking at the Budget, Sunak also revealed the government is freezing vehicle excise duty for HGVs. The Road Haulage Association welcomed [...]
Sir Keir Starmer tests positive for Covid and will miss the Budget October 27, 2021 Labour leader Sir Keir Starmer has tested positive for Covid-19 and will miss today’s autumn Budget. It was announced this afternoon that Starmer will miss Prime Minister’s Questions (PMQs) and the Budget, leaving shadow chancellor Rachel Reeves to respond to Rishi Sunak. Reeves and her deputy Bridget Phillipson met with Starmer just today, however Labour [...]
D-Day for Rishi Sunak: What do City insiders expect from the Autumn Budget? October 27, 2021 In today’s Autumn Budget, Chancellor Rishi Sunak will outline how he plans to “drive growth while keeping the public finances on a sustainable path”. City A.M. checked in with a number of Square Mile professionals this morning to see what they hope or expect the Budget will bring today. VAT Yesterday the news broke that there will [...]
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 [...]
Opinion-in-brief: Budget traditions are traditions for a reason October 27, 2021 Budgets are supposed to be secret. Apart from launch codes and special forces, they’re the most confidential part of government. In 1947, the Labour chancellor, Hugh Dalton, had to resign because he let slip a detail of his budget on his way into the chamber. They’re not just secret from the public. By tradition, the [...]
FTSE 100 pulls back from 20-month high as investors brace for budget October 27, 2021 London’s FTSE 100 pulled back from a 20 month high this morning as investors brace for Chancellor Rishi Sunak to deliver his third budget at lunchtime today. The capital’s premier index slipped 0.22 per cent to 7,261.88 points during the opening session. More to follow.
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 [...]