Rishi Sunak calls on other G20 countries to finalise global tax deal July 9, 2021 Rishi Sunak has called on other G20 countries to “maintain momentum” over a global tax deal on the eve of a Venice summit. Sunak will meet with other G20 finance ministers and central bank governors in a bid to endorse the global tax plan that has been agreed by the G7 and the Organisation for [...]
England’s Euro 2020 performance could rally consumer spending July 8, 2021 Chancellor Rishi Sunak said he expects a “bounce” in consumer spending thanks to England reaching the Euro 2020 final. England reached their first men’s football final in 55 years on Wednesday after they fought back to beat Denmark 2-1 after extra time. Speaking to the BBC, Simon French, chief economist at Panmure Gordon, said the [...]
NHS app self-isolation tracker could change if Covid cases see a summer spiral July 8, 2021 Chancellor Rishi Sunak has hinted that the way the NHS app ‘pings’ people for self-isolation could change as Covid-19 cases are expected to rise over the summer. Businesses have become increasingly frustrated with high staff absences due to employees being told to self-isolate. “I’ve spoken to the Health Secretary about this and he’s aware of [...]
Rishi Sunak hints he could block pension triple lock rise July 8, 2021 Chancellor Rishi Sunak hinted he could block an increase to the state pension today, backtracking on his manifesto pledge to keep the triple lock. “I very much recognise people’s concerns” he told the BBC’s Today programme. He went to on to highlight that the triple lock is government policy, but did not commit to topping [...]
One-in-three working Britons had wages subsidised by government during Covid July 8, 2021 One-in-three of the UK’s workforce had their pay subsidised by the government during Covid-19, new figures from the Treasury revealed today. The figures showed that 11.6m people were on the furlough scheme at some point throughout the pandemic, while 2.9m self-employed people made use of the Self-Employment Income Support Scheme. The furlough scheme has seen [...]
UK fiscal watchdog puts cost of reaching net zero at £1.4 trillion July 6, 2021 The cost of the UK reaching net zero by 2050 could be as high as £1.4 trillion, according to figures included in a report published by Britain’s fiscal watchdog today. The UK economy will require over £1 trillion in investment over the next three decades to hit the government’s target of making Britain carbon neutral, [...]
Shakespeare: Did Kopparberg’s GB News boycott hit its customer perceptions? July 2, 2021 Did Kopparberg’s GB News boycott hit its customer perceptions?
Post-Brexit rebound: London muscles out Amsterdam to reclaim trading top spot July 2, 2021 The City reclaimed its place at the top of Europe’s largest share trading centre rankings last month for the first time since Brexit, muscling out Amsterdam from top spot. £7.6bn (€8.9bn) of shares a day were traded on average at London venues in June, compared to £7.6bn (€8.8bn) for various Dutch venues, new data published [...]
OECD: Ireland snubs global tax deal July 2, 2021 Ireland refused to sign a major agreement to overhaul the global corporation tax regime on Thursday. 130 countries and jurisdictions agreed to the deal brokered by the Organisation for Economic Cooperation and Development, which paves the way for sweeping international changes. The new regime will see a global tax for 100 of the world’s largest [...]
FTSE 100 climbs as Sunak outlines post-Brexit financial services roadmap July 1, 2021 London’s FTSE 100 surged this afternoon as investors digested the Chancellor’s post-Brexit roadmap for the UK’s financial service industry. The capital’s premier index climbed 1.25 per cent in afternoon trading to reach 7,125. The rally came after Chancellor Rishi Sunak outlined plans to make the UK financial services industry more competitive on the global stage. [...]