Housebuilder Vistry to double profit in 2021 as Sunak extends property tax cuts March 4, 2021 Housebuilder Vistry Group predicted that it would at least double its profit before tax over the coming financial year after a strong start to the year. As a result of the positive outlook, the firm said that it was reinstating a final dividend of 20p per share. It follows fellow builder Taylor Wimpey in reintroducing [...]
Before the Bell: Sunak’s Budget aims to boost GDP, the pain comes later March 4, 2021 Although yesterday’s UK Budget was generally well received in the international markets, with the fiscal taps to be left fully open until December, the British Pound did rally. With the major decisions pre-announced earlier this week, a big equity market reaction to the Budget speech was unlikely anyway. In addition to the extension of Covid-19 specific support, [...]
Budget 2021: Main points in Rishi Sunak’s announcement March 4, 2021 The chancellor unveiled the contents of his Budget in the Commons this afternoon, announcing a raft of new support measures alongside plans to shore up Britain’s finances in the wake of the coronavirus pandemic. Rishi Sunak doubled down on his commitment to do “whatever it takes” to protect lives and livelihoods as he set out [...]
Beer boss: does Rishi Sunak’s bid to save pubs go far enough? March 4, 2021 It’s been no secret that the beer and pubs industry has been calling on the Chancellor to outline concrete support for one of the UK’s most beloved and vibrant industries. Today, we can start to see some light at the end of the tunnel and welcome the Government’s support. But is it enough or should [...]
Budget 2021: Public support Sunak’s measures, according to YouGov poll March 3, 2021 Budget 2021: Public support Sunak's measures, according to YouGov poll
Gaping hole in Rishi Sunak’s budget leaves young and jobless behind March 3, 2021 Rishi Sunak made clear in today’s budget that protecting and supporting jobs remains the highest priority for the Government. This reassurance is vital. As we begin to plan for the future, the costs of the pandemic are becoming clearer and clearer. The toll will be immense and there is no group that has been as [...]
Budget 2021: Which expected policies were not announced? March 3, 2021 Rishi Sunak’s Budget was a tale of two halves, with the chancellor spending big over the next two years before implementing a series of tax rises in the years after. Many of the policies announced were already leaked days or weeks in advance, with the corporation tax rise to 25 per cent for the UK’s [...]
British Airways dives to £4bn loss as flights reduced by two-thirds March 3, 2021 British Airways (BA) fell to a £3.9bn operating loss in 2020, owner IAG revealed today, more than half of the airlines group’s total loss for the year. According to the FTSE 100 firm’s annual reports, BA’s loss dwarved that of its stablemates Aer Lingus, Iberia and Vueling. These fell to losses of €563m, €1.4bn, and [...]
ITV shares rise as channel secures Meghan and Harry Oprah interview March 3, 2021 ITV shares pushed higher today as the broadcaster revealed it has secured UK rights to Oprah Winfrey’s interview with Prince Harry and Meghan Markle. The London-listed company fended off competition from rivals Sky and Channel 4 to acquire the eagerly-awaited chat, in which the couple discuss their decision to quit the royal family. The special [...]
Corporate tax hike could depress economic activity and reduce tax rise revenue, says IFS March 3, 2021 The corporation tax hike announced in today’s budget will lead firms to invest less in the UK in the medium term, the Institute for Fiscal Studies (IFS) has said. Chancellor Rishi Sunak today announced corporation tax will rise from 19 per cent to 25 per cent by 2023 for UK companies with annual profits of [...]