Britain’s public finances will face ‘enormous strains’ in the wake of the third national lockdown, the Chancellor has warned. Ahead of Wednesday’s Budget announcement, Chancellor Rishi Sunak said a bill for the Government’s £280bn investment in coronavirus support will eventually have to be paid, with low interest rates leaving the nation’s finances ‘exposed’. Mr Sunak … Read more
Britain’s public finances will face ‘enormous strains’ in the wake of the third national lockdown, the Chancellor has warned. Ahead of Wednesday’s Budget announcement, Chancellor Rishi Sunak said a bill for the Government’s £280bn investment in coronavirus support will eventually have to be paid, with low interest rates leaving the nation’s finances ‘exposed’. Mr Sunak … Read more
Rishi Sunak has rejected a proposal for an emergency wealth tax to recover the staggering £280billion the Government has spent so far on the coronavirus pandemic. The Chancellor was presented with plans for a one-off levy on those with assets of more than £500,000, or £1million for a couple, including their family home and pension. … Read more