Rishi Sunak is said to be targeting business tax rises to pay for the massive level of public spending during the pandemic – amid warnings that the economy could take a decade to recover. The Chancellor is mulling increases to capital gains tax – paid on shares and other asset sales to bring it into … Read more
Rishi Sunak is well used to the routine now. For the 13th time since March 17, he’s having to dig deep into the Exchequer in his mammoth effort to keep as many businesses and jobs intact as he can, and to try to limit the long-term damage to Britain’s economic prospects. By the standards of … Read more
Sunak’s latest bailout package sends Britain’s annual budget deficit towards £400bn By Daily Mail City & Finance Reporter Published: 21:56 BST, 22 October 2020 | Updated: 22:30 BST, 22 October 2020 Rishi Sunak’s latest bailout package for businesses could push Britain’s annual budget deficit above £400billion, experts warned last night. Business leaders hailed the generosity … Read more
Budget defecit may top £400bn this year as the cost of the pandemic spirals By Daily Mail City & Finance Reporter Published: 23:27 BST, 14 July 2020 | Updated: 23:27 BST, 14 July 2020 Government borrowing could top £660billion over the next two years as the cost of the pandemic spirals. In its latest update, … Read more