Boris Johnson to promise a ‘triple tax lock’ as Labour pledges another £58bn November 24, 2019 Boris Johnson will today pledge that a Conservative government will not raise income tax, national insurance or VAT in a bid to “put more money back in peoples pockets”. Johnson will make the announcement at the Tories’ manifesto launch today, where he will also commit to spend £3bn on a National Skills Fund to help [...]
Question Time Leaders Special 2019: Four big talking points for tonight’s debate November 22, 2019 The leaders of the Conservatives, Labour, Liberal Democrats and the Scottish National Party (SNP) will be grilled by members of the public over their General Election policies on a BBC Question Time special tonight. Boris Johnson, Jeremy Corbyn, Jo Swinson and Nicola Sturgeon will each face 30 minutes of audience questions, with Labour’s Corbyn up [...]
General Election 2019: What we know about the Conservative Party manifesto November 22, 2019 This weekend the Conservative Party manifesto is expected to launch ahead of the general election on 12 December. Jeremy Corbyn unveiled Labour’s manifesto on Thursday following on from announcements by the Lib Dems and Green Party earlier this week. The Brexit Party is due to reveal its policies later today. It will leave just the [...]
Uber awaits fate with London licence set to expire in just days November 22, 2019 Uber will find out at the start of next week if Transport for London (TfL) will grant it a new licence to operate in the capital. The ride-hailing company’s current licence is set to expire on Tuesday after TfL granted it a two-month permit in September following the expiration of probationary licence. Read more: Uber launches [...]
Nationwide profit plunges 33 per cent November 22, 2019 Nationwide has posted a sharp fall in half-year profit following a final blow from payment protection insurance (PPI) charges and a low interest rate environment. Statutory profit for the six months to 30 September fell to £309m, sliding from £516m in the same period a year earlier. Read more: Bankers disappointed by fees deal As [...]
National insurance payment cut to mostly benefit middle and higher-earners, says IFS November 21, 2019 Prime Minister Boris Johnson’s plans to raise the national insurance contribution (NIC) threshold would mostly benefit middle and higher-income households, the Institute for Fiscal Studies (IFS) has said. The Conservatives intend to raise the point at which workers pay national insurance to £9,500 in 2020/21 from its currently-planned level of £8,788. The party also intends [...]
Labour manifesto: Capital gains tax hike to fund £83bn spending spree November 21, 2019 Jeremy Corbyn is planning a raid on the UK’s higher earners as part of plans to fund its commitment for nearly £83bn on day-to-day spending, the Labour manifesto revealed today. In what Corbyn dubbed a “radical” manifesto, launched in Birmingham today, he revealed that a Labour government would change how capital is taxed, bringing it [...]
UK government borrowing jumps in October ahead of post-election splurge November 21, 2019 The UK government borrowed much more than expected last month, official figures have shown, with October borrowing hitting its highest in five years. The increase in borrowing comes even before one of the two main parties has had a chance to carry out large spending increases following the General Election on 12 October. Read more: [...]
A welcome revival for tax-cutting instincts November 21, 2019 Tax cuts — remember them? So far, this has not been an election campaign to warm the hearts of those who yearn for a smaller state, whether it comes to the government’s outgoings or its revenue-raising appetite. The Liberal Democrats yesterday joined the political pole vault contest in which parties promise to spend ever higher, [...]
Inmarsat and BT cut ties with Prince Andrew over Epstein friendship November 20, 2019 Inmarsat and BT have become the latest organisations to cut ties with the Duke of York in light of questions about his relationship with convicted sex offender Jeffrey Epstein. A source close to Inmarsat confirmed to City A.M. that the satellite company had withdrawn its sponsorship. In a statement, BT said that they would no [...]