Tens of billions of pounds of taxpayers’ money dished out as loans to keep struggling firms afloat during the pandemic are being hoarded in bank accounts instead, MPs have been told. Some £21billion – half of the total £42billion doled out by Rishi Sunak under various schemes – has yet to be used by the … Read more
Sunak’s tourist tax could cost 2,000 Heathrow jobs: Anger mounts over decision to axe VAT refunds for foreign travellers By Tom Witherow For The Daily Mail Published: 21:51 GMT, 11 December 2020 | Updated: 21:51 GMT, 11 December 2020 Heathrow could lose 2,000 retail jobs because of Rishi Sunak’s ‘tourist tax’. The airport made the … Read more
Rishi Sunak’s wife is richer than the Queen: Her shares in family’s tech firm are worth £430million making her one of Britain’s wealthiest women Chancellor’s wife Akshata Murty owns shares worth £430million in family firm Former standards chairman Sir Alistair Graham claims Sunak took a ‘minimalist approach as possible’ when declaring his financial interests last … Read more
Fury as it emerges Rishi Sunak’s figures for spending review were drawn up BEFORE the Oxford Covid-19 jab was announced Tory MPs were left furious after the OBR said projections did not account for jab The projections were based on Britain facing virus restrictions until next summer OBR’s main scenario assumed a ban on household … 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
The soaring cost of Eat Out To Help Out: Rishi Sunak’s discount scheme to help pubs and restaurants cost taxpayers £849million – 70% OVER its £500million estimate – after 49,000 firms claimed for more than 160million meals in August The Treasury estimated that the scheme would cost £500million in total But it overshot the mark … 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
Rishi Sunak admits his wife has been ‘lobbying’ him about opening the beauty industry as he says ‘sorry’ for the delay in getting salons back up and running following the first lockdown Rishi Sunak revealed his wife has been ‘lobbying’ him about the beauty industry Chancellor of the Exchequer reflected on reopening salons after first … Read more
Rishi Sunak’s bond to raise ‘green cash’: Investors will be able to buy Government gilts to help raise money for eco-projects Chancellor Rishi Sunak announced the ‘green bond’ available soon to investors Money raised from sale of bonds will fund environmentally friendly projects Bank of England Governor warned climate change poses bigger threat than virus By Lucy White … Read more
