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
The Chancellor announced plans for ‘green growth’ in his Budget today – but they were criticised for being ‘way short’ of the action required to tackle climate change. Rishi Sunak heralded a new national infrastructure bank in Leeds with £12billion to finance a green industrial revolution and £15billion of new green gilts this year. There … Read more
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
Aspiring homebuyers today welcomed the Chancellor announcement that they will receive extra help to get onto the ladder as he pledged a new mortgage guarantee scheme and an extension of the stamp duty holiday. Rishi Sunak‘s fresh initiative will incentivise lenders to provide mortgages to first-time buyers as well as current home-owners with just 5 per cent … Read more
London markets cheer on Chancellor’s budget: FTSE rises 0.8% or 53 to 6,667 points as Rishi Sunak pledges £407bn cash boost to aid Covid-hit economy FTSE 100 index of UK’s leading companies up 0.8% or 53 points at 6,667 today However it had been up further in early trading in London at 6,703 this morning … Read more
BUDGET 2021 AT A GLANCE: The key points from Chancellor Rishi Sunak’s speech By Alex Sebastian For This Is Money Published: 12:40 GMT, 3 March 2021 | Updated: 12:40 GMT, 3 March 2021 Chancellor of the Exchequer Rishi Sunak got to his feet in the House of Commons shortly after 12.30pm to deliver his crucial … Read more
Commons Speaker Lindsay Hoyle slams Rishi Sunak’s Budget PR drive complaining about pre-briefing and saying Chancellor shouldn’t be ‘dashing off’ for press conference Chancellor Rishi Sunak will deliver his eagerly-awaited Budget at 12.30 today Much of the detail of the Budget has been released ahead of time by Treasury Lindsay Hoyle said ‘tradition matters’ and … Read more
Rishi Sunak put Britain on standby for tax rises yesterday – as he warned we cannot afford to keep borrowing record sums. Speaking ahead of Wednesday’s Budget, the Chancellor all but confirmed that the £50billion furlough scheme and other Covid support measures will continue until the end of June. The measures are likely to cost … Read more
Multi-millionaire ex-Goldman Sachs banker Richard Sharp who used to be Rishi Sunak’s boss will be next BBC chairman Richard Sharp could be announced in the role as soon as Thursday, say reports The Ex-Goldman Sachs banker used to be the Chancellor Rishi Sunak’s boss He has spent the last year as an unpaid economic adviser … Read more
New lockdown could send Rishi Sunak’s furlough scheme soaring through £50billion barrier as union calls for parents to be paid to stay at home with their children while schools are closed The job retention scheme (JRS) reached £46.4billion before Christmas There was a sharp upturn in payouts following November lockdown Likely to reignite the row … Read more