Britain faces another tax hike due to a £4billion black hole in Rishi Sunak’s Budget spending plans, an influential think tank warned today. The Institute for Fiscal Studies said the shortfall for the 2022−23 financial year went ‘entirely unmentioned’ in the Chancellor’s speech to the Commons on March 3. If the spending plan is followed … Read more
Britain faces another tax hike due to a £4billion black hole in Rishi Sunak’s Budget spending plans, an influential think tank warned today. The Institute for Fiscal Studies said the shortfall for the 2022−23 financial year went ‘entirely unmentioned’ in the Chancellor’s speech to the Commons on March 3. If the spending plan is followed … Read more
Boris Johnson must be ‘honest’ with the public and ditch big-spending manifesto pledges after Covid, ex-Chancellor Lord Hammond warns – as Tories and Labour threaten to block corporation tax rises By James Tapsfield, Political Editor For Mailonline Published: 09:38 GMT, 25 February 2021 | Updated: 09:43 GMT, 25 February 2021 Boris Johnson must be ‘honest’ … Read more
Use cheap borrowing to avoid austerity or tax rises to help the economy recover says the IMF – as it also recommends targeting the rich to reduce global debts that have hit a record £64 TRILLION By David Wilcock, Whitehall Correspondent For Mailonline and James Salmon for the Daily Mail Published: 11:39 BST, 15 October … Read more
Taxes could have to soar by £60billion to avoid a new wave of austerity after the coronavirus crisis, experts warned today. The respected IFS think-tank said an income tax rise of 6p or 7p for every £1 earned could be needed to cover extra public spending over the next five or six years. It also … Read more
Boris Johnson today vowed to keep splashing the cash despite mounting government debt as he insisted the coronavirus crisis can be an ‘opportunity for change’. The PM said he will ‘double down’ on investment in ‘levelling up’ the UK, comparing the effort to Franklin D Roosevelt’s New Deal following the Great Depression in the US … Read more
Boris Johnson will promise that workers who bore brunt of austerity WON’T have pay to revamp economy after coronavirus as he vows to usher in ‘decade of investment’ PM will unveil ‘decade of investment’ in an infrastructure spending spree Expected to stand in contract to 2008 bank bailouts which saw workers suffer Rishi Sunak will expect … Read more
Pensioners are urging insurers to help them through the virus crisis by giving them a lump sum rather than paltry drawn-out annuity payments. Money Mail has long campaigned for pensioners trapped with small annuities to be allowed to take a more meaning- ful amount. Alan Fowler, 72, has an annuity from Legal & General (L&G) … Read more
Michael Gove hints at looming austerity after government’s massive coronavirus bailouts amid fears of 2.75million jobless by June and a 10 per cent hit to GDP Cabinet minister Michael Gove says UK coronavirus debt will have to be paid Government has announced unprecedented bailouts for workers and firms Forecasters warn jobless total could hit 2.75m … Read more
We have heard the mantra so many times over the years that it must be true: ‘Tory austerity’ is killing off the poor. Listeners to Radio 4’s Today programme yesterday will have heard this same old narrative trotted out by Sir Michael Marmot, professor of epidemiology at University College London, whose review into ‘health inequalities’, … Read more