ALEX BRUMMER: Chancellor could discourage risk taking and raise funds for Exchequer by removing break on debt interest – what’s holding him back? The common theme which dragged down firms before and during the pandemic is borrowings The UK tax system favours companies, whether owned by private equity, rich entrepreneurs or publicly quoted, which take … Read more
RUTH SUNDERLAND: Setting up Treasury North on Teesside would be a huge show of faith – it would be an investment that will deliver real returns Rishi Sunak sees himself as a Northern Chancellor but does not conform to the old Andy Capp stereotype His plan to tilt the balance of economic power away from … Read more
Tourists ‘will abandon Britain if the Chancellor scraps duty-free shopping’ as watchdog warns it will raise only £195m in the first year – £300m less than original estimates Office for Budget Responsibility warns plans based on highly uncertain estimate It predicts it will make UK ‘less attractive for tourists’ compared to Paris or Milan Treasury said that … Read more
Rishi Sunak has developed a flinty side. Unveiling his spending review yesterday, he displayed a grave, gritty mien. Previous Sunak speeches have been sadder affairs – all puppy-dog eyes and regretful delivery. But this time he coarsened his voice and stiffened his brow. He seemed older, weightier, more substantial. High office has hardened him. There … Read more
Chancellor warned foreign shoppers will ditch UK for France and Italy when duty-free shopping ends in January By Daily Mail City & Finance Reporter Published: 21:51 GMT, 25 November 2020 | Updated: 21:51 GMT, 25 November 2020 The Chancellor is under renewed pressure to reinstate duty-free shopping after the Office for Budget Responsibility (OBR) revealed … Read more
Rishi Sunak appeared to take inspiration from Margaret Thatcher today as he insisted the role of government was only to facilitate the growth of individuals, families and communities. The Chancellor’s comments as he unveiled his spending review had echoes of a wider Thatcherite vision of the nation, as espoused by the former prime minister in her … Read more
Rishi waves the cheque book AGAIN: Chancellor unveils multi-billion pound investment with £100bn on infrastructure, £20bn on housing and £19bn on transport in bid to dig Britain out of Covid black hole By Mark Duell for MailOnline Published: 13:55 GMT, 25 November 2020 | Updated: 13:55 GMT, 25 November 2020 Advertisement Rishi Sunak today revealed … Read more
Rishi Sunak has released new carefully posed pictures as he ran through his lines ahead of tomorrow’s Spending Review announcement. The Chancellor was wearing his favoured grey hoodie as he worked through documents in his red box in his flat above 11 Downing Street. Other images, released by the Treasury today, show him in the … Read more
Chancellor Rishi Sunak being urged to back £5bn plan to save taxpayer footing bill for jobs lost in pandemic By Brendan Carlin, Financial Mail On Sunday Published: 21:51 GMT, 31 October 2020 | Updated: 21:51 GMT, 31 October 2020 Chancellor Rishi Sunak is being urged to back a £5billion plan to save the taxpayer footing … Read more
ALEX BRUMMER: UK’s hard-earned fiscal and monetary credibility, a willingness to invest in infrastructure, flexible labour and healthy banking sector should help restore prosperity By Alex Brummer for the Daily Mail Published: 22:27 GMT, 29 October 2020 | Updated: 22:44 GMT, 29 October 2020 The inspectors have been in and Rishi Sunak has passed his … Read more