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Summer Statement

  • Tax less, spend more: the Chancellor’s Summer Statement

    City Talk

    The Chancellor delivered an Economic Statement that may not have been heralded as a Budget, but nonetheless delivered some significant changes to the country’s taxation and spending regime.  In what was clearly a ‘Tax Less, Spend More’ statement, Rishi Sunak delivered not just a VAT cut for the few, but spending grants for the many.  [...]

  • VAT rate cut: implementation for businesses will be more complicated than it appears

    City Talk

    The Chancellor’s announcement is a welcome and targeted measure for the hospitality and leisure sector which has been impacted by COVID-19 and this VAT reduction from 20% to 5% is designed to help stimulate spending.  Prior to the announcement, there had been speculation that there would be a general rate cut – which we have recently [...]

  • Rishi Sunak Summer Statement: All the Chancellor’s spending pledges

    Summer Statement: Sunak reveals VAT and stamp duty cuts

    Chancellor Rishi Sunak today announced a raft of measures in his Summer Statement in a bid to help the UK economy recover from the worst effects of coronavirus. The Treasury boss revealed massive public spending to bolster the UK economy in what people are calling his mini-Budget. While he did not extend the government’s furlough [...]

  • Labour: Chancellor has ‘put off big decisions’ in summer statement

    July 8, 2020

    Shadow chancellor Anneliese Dodds has accused Rishi Sunak of putting off many of the “big decisions” until the autumn. Responding to the Chancellor’s statement Dodds said” “Today should have been the day when our government chose to build a bridge on what has been done so far and what needs to be done… we should [...]

Trending Articles

  • Brexit red tape onslaught deepens as UK economy loses £47bn because businesses drown in cross-border tax complexities

  • Jaws drop as it emerges UK Health Security Agency pays 1,400 consultants as much as £3,100 per day

  • French citizenship confirmed: Boris Johnson's father Stanley becomes EU national while UK faces Brussels head on over Brexit

  • Ryanair to revert to second-hand market if Boeing doesn't step up, warns O'Leary

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