Rishi Sunak has warned of tax rises in the spring and joked about having to confiscate Boris Johnson’s credit card to kerb his spending. The Chancellor made the quip as he prepares to reveal his plan to balance the books and recover from the pandemic in his spending review on Wednesday. He hinted that taxes … Read more
‘I should take his credit card away’: Economic hawk Rishi Sunak jokes about Boris Johnson’s desire to turn on the spending taps as he prepares to outline coronavirus economic plans The Chancellor made the quip ahead of spending review on Wednesday Mentioned elf-on-the-shelf toy which makes sure his two children are behaving Asked if PM … Read more
Rishi Sunak’s ‘scary’ economic forecast: Chancellor will reveal devastating financial effect of pandemic next week… and predicts it will still be felt in 2024 Rishi Sunak will deliver ‘scary’ economic forecast his spending review next week His plans will rely on the predictions showing devastating effect of coronavirus Office for Budget Responsibility expected to forecast … Read more
The economic fallout during the coronavirus pandemic has made the prospect of World War Three ‘a risk’, the UK’s most senior military commander has said. General Sir Nick Carter, the Chief of the Defence Staff, said Britain and the rest of the world would need to ‘learn’ from history and the international missteps that led … Read more
Ministers were blasted last night after it emerged they had decided to plunge England into another lockdown without a full assessment of the economic impact. Tory MPs led by Sir Graham Brady, the chairman of the backbench 1922 Committee, had demanded the release of the Treasury’s assessment of the effect of a shutdown on jobs. … Read more
RUTH SUNDERLAND: When people lack confidence, they pile money into savings accounts, even at negative rates – only solution is to restore calm Consumer spending has recovered, even though consumer confidence is low Britons are saving at extraordinarily high levels, even though they are losing money in real terms as a result By Ruth Sunderland … Read more
UK’s economic plunge at the peak of coronavirus lockdown was not quite as bad as thought – but GDP still fell a record 19.8% in second quarter By James Tapsfield, Political Editor For Mailonline Published: 08:18 BST, 30 September 2020 | Updated: 08:18 BST, 30 September 2020 The UK’s economic plunge at the peak of … Read more
The Chancellor’s emergency decision to cancel the November budget and instead unveil a new winter plan today to preserve jobs and support enterprise is an indication of the grave economic uncertainty this country now faces. Uncertainty made far worse by the Government’s latest measures to contain the pandemic. Rishi Sunak’s surprise autumn package, which comes … Read more
Britain’s economic recovery had lost steam even before virus crackdown, latest figures show By Lucy White For The Daily Mail Published: 21:57 BST, 23 September 2020 | Updated: 22:06 BST, 23 September 2020 Britain’s economic recovery was slowing down even before the Government imposed new lockdown restrictions this week, figures suggest. Growth in the manufacturing … Read more
The threat of a second national lockdown, just as the UK’s resilient economy shows signs of recovering from the first, is a thoroughly depressing prospect. It illustrates so clearly the dilemma of a government under pressure to save the vulnerable from the scourge of Covid-19, but also wanting to avoid plunging the citizens of Britain … Read more