Budget

Fury over Rishi Sunak’s £30billion funding cut for the NHS in the Budget amid operations backlog

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Fury over Rishi Sunak’s £30billion health funding cut as economics watchdog warns the Budget contained ‘no explicit additional resources’ to cover the cost of non-Covid NHS medical care delayed by the pandemic Documents show cuts of £30 billion at the Department for Health from April NHS England sees funding fall from £147.7billion to £139.1billion from … Read more

Budget 2021: Fury over Rishi Sunak’s ‘stealth tax’ on the middle classes

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The five-year freeze on income tax in yesterday’s Budget has been blasted as a ‘stealth and wealth tax’ which will drag 2.3 million workers into higher tax brackets. Rishi Sunak’s decision not to raise income tax and National Insurance thresholds will amount to a pay cut in real terms for millions of hard-working, middle-class families. … Read more

Rishi Sunak defends income tax raid on low and middle earners

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Budget 2021 at a glance Here are the main points of Rishi Sunak’s Budget: Office for Budget Responsibility (OBR) predicts economy will return to pre-Covid levels by the middle of 2022, six months earlier than previously thought. OBR forecast economy will grow this year by 4 per cent, by 7.3 per cent in 2022, then … Read more

HENRY DEEDES watches Chancellor Rishi Sunak’s budget speech

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To paraphrase an old joke: An Etonian, a Harrovian and a Wykehamist and are sitting in a bar when a woman walks in. The Etonian says: ‘Fetch her a chair.’ The Harrovian fetches it. The Wykehamist sits in it. Winchester alumnus Rishi Sunak didn’t pull off quite such a dastardly move yesterday. No. He was … Read more

Budget Spring 2021: Jeremy Corbyn accuses Rishi Sunak of stealing John McDonnell’s economic policies

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Former Labour leader Jeremy Corbyn today accused Rishi Sunak of stealing the economic policies of his hard-Left Shadow Chancellor John McDonnell for a radical Budget that will set Britain’s course for years. Mr Corbyn told the Commons many of the Chancellor’s announcements, including furlough, the Green Industrial Revolution and the relocation of civil servants to … Read more

How the Budget transforms the fortunes of the North

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Budget for the North: A Treasury outpost in Darlington, freeports in Liverpool, Teesside and Humber and an infrastructure bank in Leeds By Ruth Sunderland Business Editor For The Daily Mail Published: 22:13 GMT, 3 March 2021 | Updated: 22:13 GMT, 3 March 2021 A raft of measures was announced in yesterday’s Budget to transform the … Read more

Price of cigarettes will NOT rise as Rishi Sunak leaves tobacco duty out of his 2021 Budget

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Price of cigarettes will NOT rise as Rishi Sunak leaves tobacco duty out of his 2021 Budget after hiking cost by 22p a pack in November Tobacco duty will rise in line with inflation, Treasury announced earlier today It follows an increase back in November that saw the cost of tobacco rise by 22p  Tobacco … Read more

A business Budget: Super deductions and freeports are coming

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Business has been placed at the heart of today’s Budget and the Chancellor has announced a number of sweeping changes to try and bolster jobs and investment up and down the country. Among a string of big-ticket announcements, we now know there’s a surprise new ‘super deduction’ plan on the way, corporation tax is going … Read more

Budget 2021: Rishi Sunak’s VAT and business rates freeze hailed by small companies

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Rishi Sunak unveiled a raft of measures aimed at helping small businesses today. The Chancellor targeted high street firms with a business rate holiday extension until June, followed by a two-thirds reduced rate for the rest of the financial year. He also confirmed a freeze of VAT at 5 per cent for hospitality firms until … Read more