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 [...]
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 [...]