Several supermarkets have agreed to waive the business rates holiday and hand over the money saved. Here, we take a look at what it means: – What are business rates? Business rates are paid by every commercial property in the UK. They are similar to council tax for residential properties and are collected by local authorities … Read more
MPs have demanded the Government reveal how hard the UK economy will be hit when duty free shopping for foreign tourists is scrapped next month. Chancellor Rishi Sunak will end VAT refunds for international visitors to British shops from January 1, even as the high street is fighting for its survival after the Covid-19 crisis. … Read more
Britain’s big-spending Chancellor and his billionaire heiress wife dined at an exclusive private members’ club last night as England’s lockdown ended – hours after Rishi Sunak hinted that tax rises are on the horizon to tackle the UK’s huge coronavirus-fuelled debt pile. Mr Sunak and his spouse Akshata Murthy, the daughter of Indian IT mogul Narayana Murthy, headed … Read more
Rishi Sunak braces Britain for tax rises warning the country’s huge coronavirus-fuelled debt pile could be a disaster if interest rates spike By James Tapsfield, Political Editor For Mailonline Published: 09:22 GMT, 3 December 2020 | Updated: 09:22 GMT, 3 December 2020 Rishi Sunak has delivered another strong hint that tax rises are on the … Read more
Last week a dejected Tory MP was sitting in the House of Commons lobby when the Prime Minister appeared. ‘He saw me and said, ‘Don’t worry. Everything will be all right in the end,’ the former Minister recounted, ‘then just ambled off.’ Things are not going to be all right. It was left to Rishi … Read more
Rapid economic recovery next year could allow Rishi Sunak to delay tax rises until 2022, ministers hope Chancellor Rishi Sunak refused to commit to the Tories’ triple tax lock Senior Treasury ministers are waiting until the end of the coronavirus pandemic A source told The Telegraph tax rises would not come any time soon Mr … Read more
Rishi Sunak’s wife is richer than the Queen: Her shares in family’s tech firm are worth £430million making her one of Britain’s wealthiest women Chancellor’s wife Akshata Murty owns shares worth £430million in family firm Former standards chairman Sir Alistair Graham claims Sunak took a ‘minimalist approach as possible’ when declaring his financial interests last … Read more
Rishi Sunak is under fire after REFUSING to appear in front of MPs to answer questions on his controversial Spending Review as the Chancellor ‘faces questions over his family’s finances’ Spending Review sparked major controversy as Rishi Sunak cut foreign aid Treasury Select Committee asked the Chancellor to come and answer questions But Mr Sunak … Read more
Is Rishi Sunak ditching the triple tax lock? Chancellor refuses to rule out raising income tax, VAT or National Insurance to plug coronavirus black hole Rishi Sunak did not rule out raising income tax, VAT or National Insurance He told BBC Breakfast the scale of borrowing this year was ‘not sustainable’ The ‘triple lock’ against … Read more
The Covid-19 pandemic will hit the average worker’s pay packet by £1,200 by 2025, analysis by a think tank has revealed today. A report published by the Resolution Foundation has hinted the pandemic will have a lasting impact on the finances of individual Britons, alongside damaging public economics. Here Today, Gone Tomorrow says that by … Read more