When the financial crisis of 2008 hit, the then prime minister Gordon Brown was ready with the big bazooka. With two of the nation’s biggest banks, Royal Bank of Scotland and Lloyds-HBOS just hours from running out of cash, the then Labour government launched a near one-trillion-pound rescue package for big banks, business and consumers. … Read more
Rishi Sunak will use his first Budget tomorrow to turn on the Treasury’s spending taps and pledge to invest ‘hundreds of billions of pounds’ on improving the UK’s critical infrastructure. The new Chancellor will announce plans to invest ‘record amounts’ in the nation’s roads, railways, broadband, housing and research. The government wants the spending spree … Read more
Chancellor Rishi Sunak will use £100m of Budget to toughen up community sentences by imposing stricter curfews on newly-released prisoners and handing them ‘sobriety tags’ Rishi Sunak to ‘toughen up community sentences’ in Britain’s budget tomorrow Chancellor will set aside £100million to bolster the probation service Convicted criminals released from prison will face tighter constraints … Read more
Rita Konig has long been the secret weapon of people doing up houses in the world’s smarter postcodes. The British interior designer is too discreet to name names, of course, but her portfolio boasts country piles, sleek New York apartments and Notting Hill pieds-a-terre. She also re-modelled one of West Hollywood’s hippest private members’ clubs, … Read more
Who would be in Rishi Sunak’s shoes? The young Chancellor – he is yet to turn 40 –has only been in Number 11 for about a month, after the previous occupant unexpectedly resigned. No wonder he has been fortifying himself with cups of strong Yorkshire Tea. By all accounts he is a sharp and impressive … Read more
Budget will pump £5billion into flood defences to protect 300,000 homes after Boris Johnson was slammed for failing to visit storm victims Budget will double flood defence funding to £5.2billion by 2024, Chancellor says The projects are intended to protect 300,000 homes from extreme weather Boris Johnson was heavily criticised for failing to visit any … Read more
JEFF PRESTRIDGE: This Budget must stop us falling in to recession By Jeff Prestridge for The Mail on Sunday Published: 23:45 GMT, 7 March 2020 | Updated: 23:45 GMT, 7 March 2020 I would put money on the Chancellor’s Budget this Wednesday being radically different to the one Rishi Sunak envisaged just over three weeks … Read more
Rishi Sunak (pictured in Downing St last month) warned that UK plc is set for a ‘shock’ as the killer disease spreads around the globe The Budget will stop coronavirus wreaking permanent damage to the economy and give the NHS ‘whatever it needs’, the Chancellor vowed today. Rishi Sunak warned that UK plc is set … Read more
Flood-hit regions to be given £5billion to bolster their defences in next week’s budget 336,000 properties in England to benefit from £5.2billion for flood defences Comes after large parts of Britain were left underwater after winter drenching Rishi Sunak also pledged to announced funding for NHS to combat coronavirus By Glen Owen for The Mail … Read more
Chancellor Sajid Javid last night announced that this year’s Budget, postponed ahead of the December election, will be held on 11 March. While much of the focus has been on the tearing up of Treasury rules and measures to try and ‘level up’ the rest of the country, there are a number of tax changes … Read more