Rishi Sunak will have to slash public spending or hike taxes to fill huge black hole in government’s books after his latest £30billion coronavirus mini-budget, warns former Justice Secretary David Gauke Chancellor Rishi Sunak unveiled ‘plan for jobs’ which could cost up to £30billion It is the latest in a number of interventions to dampen … Read more
Yesterday, Chancellor Rishi Sunak delivered his summer economic update which set out a ‘Plan for Jobs’ and included benefits to keep the hospitality industry afloat. He announced a package of measures which he said would help to retain jobs and give business the confidence to retain and hire staff. These included: a one off £1,000 Job … Read more
Millions of self-employed workers have been left devastated as they watched Chancellor Rishi Sunak deliver his Summer Statement with bated breath, only to hear nothing about receiving any Covid-19 financial support. An estimated 3million of the UK’s workforce have been left in the cold by exclusions in the support package for the self-employed, say campaigners, … Read more
Rishi Sunak admits jobs WILL be lost despite latest massive ‘mini-Budget’ bailout as he begs Britons to ‘relearn’ the habits of eating out and dismisses claims his ‘bonus’ for firms bring back furloughed staff is a £9bn gimmick By James Tapsfield, Political Editor For Mailonline Published: 07:56 BST, 9 July 2020 | Updated: 07:56 BST, … 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
Rishi Sunak’s mini-Budget at a glance A £1,000 Jobs Retention Bonus for employers who bring back furloughed workers beyond January, paid per employee, at a total cost of up to £9bn. Immediately increase stamp duty threshold from £125,000 to £500,000 until March 31. Cut VAT from 20 per cent to five per cent for hospitality … Read more
Home buyers’ have reacted with joy at Rishi Sunak‘s announcement that he will freeze stamp duty. Mr Sunak today said he would immediately raise the threshold on stamp duty to £500,000 until March 31 2021. On the housing market, Rishi Sunak said property transactions fell by 50% in May and house prices have fallen for … Read more
COVID MINI-BUDGET IN BRIEF: Key points of the Chancellor’s summer statement at a glance By Alex Sebastian For This Is Money Published: 12:50 BST, 8 July 2020 | Updated: 13:07 BST, 8 July 2020 Chancellor of the Exchequer Rishi Sunak answering a question in the House of Commons Chancellor of the Exchequer Rishi Sunak is … Read more
COVID MINI-BUDGET LIVE: Latest analysis, reaction and verdicts on the Chancellor’s emergency measures – and what it means for you Chancellor Rishi Sunak delivering a speech at 12.30pm Will there be a green home scheme, stamp duty and/or VAT cut? Follow the latest build-up, the speech itself and aftermath with our live blog By Lee … Read more
Rishi Sunak will set out another massive package to bail out the stricken UK economy and stop millions of people being made unemployed today. In another pivotal moment in the coronavirus crisis, the Chancellor is set to axe stamp duty on most homes to boost the flagging housing market and get construction firing again. There will … Read more