Rishi Sunak was urged yesterday to resist calls to introduce a property tax amid fears it would be a wealth tax in all but name. Treasury officials have modelled a plan to scrap council tax and stamp duty and replace them with a property tax based on a percentage of a home’s value. The scheme … Read more
Big building firms face a multi-billion-pound levy to help families pay to repair homes with dangerous cladding in the wake of the Grenfell fire. It could a mean a levy on all high rise flats and possibly a separate charge on major developments to atone for building tens of thousands of flats and homes with … Read more
Ministers ‘consider plans to replace council tax and stamp duty with property levy’ which would hit Tory Shires hard as Rishi Sunak ‘weighs up hiking corporation tax’ at Budget on March 3 to start paying for Covid crisis Rishi Sunak will deliver Budget on March 3 amid reports he could increase taxes It is thought … Read more
Let’s make Britain the Singapore of Europe! Prime Minister’s new mission for Rishi Sunak as he urges the Chancellor to exploit Brexit by emulating the low-tax, low-regulation Asian city state Sunak is to spearhead Government moves to exploit the opportunities of Brexit No 10 is keen to break through gloom of Covid pandemic with an … 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
Rishi Sunak warns of ‘harder’ times to come with UK on track for double-dip recession despite signs of resilience with GDP only falling 2.6 per cent during second coronavirus lockdown in November GDP fell again in November as the four UK nations imposed fresh restrictions Brought an end to six consecutive months of recovery for … Read more
Social media users have highlighted an urgency to gather signatures on a petition to scrap the tampon tax on period pants. Rubina Raut who founded UK-based period pants brand WUKA in 2017, has racked up almost 18,000 signatures on an online petition to recognise the reusable underwear as entitled to being taxed fairly. While sanitary … Read more
Price of a home soars by £14k in just six months… but experts fear boom could fade away once stamp duty holiday ends Average price of a home in the UK jumped to record £252,211 at the end of 2020 Market was ‘turbocharged’ by Chancellor Rishi Sunak’s stamp duty holiday Biggest regional annual rise was … Read more
Doe-eyed Rishi Sunak axed the fluffy bunny act: HENRY DEEDES watches as the Chancellor loses his bonhomie By Henry Deedes for the Daily Mail Published: 23:27 GMT, 11 January 2021 | Updated: 00:42 GMT, 12 January 2021 Usually when Rishi Sunak announces he’s adding another couple of noughts to the country’s spiralling debt, he puts … Read more
Footfall at shops plunged more than a quarter last week as the brutal lockdown hammers the economy. Total shopper numbers tumbled by 27.1 per cent in the seven days to January 9 compared to the previous week. The grim figures from research group Springboard emerged as Rishi Sunak prepares to face MPs for the first … Read more