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 [...]
Legacy banks don’t deserve a bigger slice of the pie than fintech businesses October 27, 2021 Rishi Sunak plans to slash the bank profit surcharge from 8 per cent to 3 per cent. This is designed to offset the rise in corporation tax to 25 per cent in 2023, but only for the big banks. John Glen, economic secretary to the Treasury, outlined the logic behind the move in September, stating [...]
The NHS will continue to be a blackhole of cash until we confront its underbelly October 27, 2021 Can enough money ever fix the NHS? Rishi Sunak is the latest in a long line of Chancellors to promise increased spending for the health service, after the Government committed a further £5.9bn. The investment is welcome for a health service that has suffered enormously. But it only touches the surface of answering the problems [...]
Budget 2021: Going for growth will boost pay, employment and public coffers, says REC October 27, 2021 Going for growth in today’s budget will kill three birds in one stone by boosting employment, pay and the public finances. That’s according to the chief of the representative body of the recruitment industry that contributes around £39bn to the UK economy. “In today’s budget, the Chancellor should look to boost employment, pay and the [...]
Legacy banks don’t deserve a bigger slice of the pie than fintech businesses – CityAM : CityAM October 27, 2021 Rishi Sunak plans to slash the bank profit surcharge from 8 per cent to 3 per cent. This is designed to offset the rise in corporation tax to 25 per cent in 2023, but only for the big banks. John Glenn, economic secretary to the Treasury, outlined the logic behind the move in September, stating [...]
Labour puts pressure on Sunak to ease household cost of living pressures in Budget October 26, 2021 Labour has put pressure on Rishi Sunak to do more to ease household cost of living pressures in the autumn Budget as MPs hit out at the Treasury for releasing large parts of tomorrow’s announcement early. Shadow chief secretary to the Treasury Bridget Phillipson today called on the government to cut VAT on energy bills [...]
Rishi Sunak spikes fuel hike plans October 26, 2021 Chancellor Rishi Sunak will scrap plans to hike fuel duty in the upcoming Budget, according to the Sun. The levy was due to go up next year from 57.95p per litre to 60.79p. The duty will be frozen for the second time this year. The decision follows petrol prices rocketing to record levels across the [...]