Chancellor set to launch tech visa following Kalifa review February 26, 2021 Chancellor Rishi Sunak is set to launch a fast-track visa programme for tech workers following proposals set out by the Kalifa review into the industry. Speaking to the Financial Times Sunak said the scheme would help “scale up” the industry, saying the new visa stream would be a “calling card for what we are about”. [...]
Chancellor Rishi Sunak ‘planning stealth tax rise’ on wealthy pensioners in next week’s Budget February 26, 2021 Chancellor Rishi Sunak 'planning stealth tax increase' on wealthy pensioners in next week's Budget
A catch-up strategy? How Government can give young Brits a boost in Budget 2021 February 26, 2021 A catch-up strategy? How Government can give young Brits a boost in Budget 2021
Labour’s Anneliese Dodds paints government as too London-centric in pre-Budget speech February 25, 2021 Shadow chancellor Anneliese Dodds has called out the government for concentrating too much investment and too many civil service jobs in London over the past decade in a pre-Budget speech today. Dodds said the past 10 years of Conservative government has overseen a six per cent rise in London civil service jobs, while the rest [...]
David Cameron tells Sunak not to raise taxes in Budget next week February 25, 2021 Former Prime Minister David Cameron has urged Rishi Sunak not to hike taxes in next week’s Budget amid speculation he is set to increase corporation tax to help pay off the UK’s Covid spending. Cameron said increasing corporation tax “wouldn’t make any sense at all” before the UK’s economic recovery is further advanced and compared [...]
Sunak’s Budget set to be a mix of tax rises and Covid cash giveaways February 25, 2021 Rishi Sunak’s Budget next week will reportedly be characterised by a mixture of Covid support extensions and tax rises, with few extra funds for day-to-day departmental spending. This is set to include a £30bn package to extend current Covid support schemes – including the furlough scheme, VAT cut for retail and hospitality, stamp duty exemption [...]
Tory rebels prepare to block proposed corporation tax hike February 25, 2021 Conservative rebels are preparing to unite with Labour MPs to block a proposed hike in corporation tax from 19 per cent to 25 per cent, according to reports. Chancellor Rishi Sunak has laid down plans to introduce a “pathway” for hiking corporation tax over the next few months, as he prepares to announce his spring [...]
Goldman Sachs boss David Solomon: Working from home is not the new normal February 25, 2021 Goldman Sachs boss David Solomon: Working from home is not the new normal
City lobby calls for technology boost for financial services sector in Budget February 25, 2021 The UK’s major financial services lobby group has urged Rishi Sunak to speed up the country’s rollout of full fibre broadband in next week’s Budget to ensure the City’s tech infrastructure does not fall behind other major finance centres. TheCityUK said the “existing speed and availability of key infrastructure in the UK, such as broadband, [...]
Extending the stamp duty holiday won’t avoid a cliff-edge, it will make the eventual fall steeper February 24, 2021 The stamp duty holiday created a bloated and false economy in the housing market; it’s time to scrap the policy, not extend it. Rishi Sunak introduced the policy last summer. The idea was simple enough – add a bit of fuel to the property market and stoke consumer spending by only making buyers cough up [...]