Small businesses in the hospitality and leisure sector heaved a collective sigh of relief last week after the Chancellor’s multi-billion pound giveaway in his mini-Budget. But business experts warn that more help is needed to support other sectors hit by the coronavirus downturn that are not specifically included in Rishi Sunak’s £30billion rescue package. ‘I’ve … Read more
Publicans have slammed the Chancellor’s mini-Budget for failing to help stricken independent public houses and those focused on serving drinks rather than food. Summing up the crisis facing Britain’s pubs, a pressure group forthe sector told This is Money: ‘Yesterday’s VAT cut announcement was great news for the likes of Wetherspoons but awful for independent … Read more
The magic money tree… shaken by a Tory! Astonished former Chancellor NORMAN LAMONT gives his verdict on Rishi Sunak’s mini-Budget By Norman Lamont, Former Chancellor, For The Daily Mail Published: 22:36 BST, 8 July 2020 | Updated: 01:21 BST, 9 July 2020 As a former Chancellor of the Exchequer in the 1990s, I can honestly … Read more
Chancellor dishes up help for hospitality and offers a leg up for young workers… but businesses warn Britain faces a hard road back By Tom Witherow For The Daily Mail Published: 22:15 BST, 8 July 2020 | Updated: 22:15 BST, 8 July 2020 Business leaders warned there was a ‘long hard road back to full … Read more
George Osborne is the latest political heavyweight to be linked to a pro-China lobbying group accused of grooming Britain’s elite. Mr Osborne, who steered a lucrative ‘golden era’ of relations with Beijing as chancellor, was a guest of honour alongside a Huawei executive at a dinner hosted by the 48 Group Club, The Times reported. … Read more
Housing boost: Rishi Sunak is today expected to announce six-month stamp duty holiday The Chancellor of the Exchequer is under pressure to revive the housing market after figures showed prices have suffered their worst run since 2010. After four consecutive months of falls were reported by mortgage lender Halifax, Rishi Sunak is today expected to … Read more
Approximately 230,000 of Britain’s self-employed continue to be excluded from any Government support because they have had trading profits of £50,000 or more in the last three years. Campaigners are calling on the Chancellor to step in and remove their exclusion from the self employment income support scheme, when he makes a summer statement to … Read more
Britain’s struggling housing market could be given a much-needed shot in the arm with a six-month stamp duty holiday. Chancellor Rishi Sunak is expected to announce plans for a temporary exemption for homes at the lower end of the market in the Budget in the autumn. Treasury officials are looking at raising the threshold at which … Read more
Fuller’s boss urges Chancellor to cut VAT to prevent thousands of job losses across hospitality industry By Lucy White For The Daily Mail Published: 21:59 BST, 3 July 2020 | Updated: 22:19 BST, 3 July 2020 Fuller’s boss has urged the Chancellor to cut VAT to prevent thousands of job losses across the hospitality industry. … Read more
RUTH SUNDERLAND: Cut in VAT would have popular appeal and send a strong message of support to troubled parts of the economy – just the ticket Rishi Sunak is understood to have cooled on the idea of reducing VAT Two former Chancellors, Sajid Javid and Alistair Darling, have come out for a cut By Ruth … Read more