Council tax is on track to raise an extra £7.5billion a year after Rishi Sunak gave town halls permission to put bills up by 5 per cent. The government’s watchdog has estimated that the levy bring in another £1.8billion next month, suggesting two thirds of authorities will take advantage of the new freedom. And by … Read more
The Tories have opened up a huge 13-point poll lead over Labour after voters gave the Budget their seal of approval despite its massive tax raid. Research by YouGov found Conservative support had surged four points to 45 per cent over the past week – while Keir Starmer‘s party tumbled to 32 per cent. The … Read more
Don’t ask me if Rishi Sunak has struck the right balance between borrowing lashings more money to keep the economy from total collapse and increasing taxes to pay some of it back in the far distant future. I freely admit that I’ve never begun to understand economics (which is one thing I seem to have in … Read more
Rishi Sunak’s ‘super deduction’ could let Amazon wipe out its bill: Online giant’s corporation tax could be cut to zero, campaigners warn The online retail giant’s British sales soared 51 per cent to £19.4billion last year Its warehousing arm paid £6.3mil in tax in 2019 despite raking in £3bn in sales But campaign groups say … Read more
The FTSE 100 dipped 0.5% today as traders fretted over interest rates rises and Rishi Sunak‘s Budget tax grab for big business. London‘s leading index was down by 34 points to 6,641 by mid-afternoon after US stocks plummeted on Wall Street yesterday. The FTSE closed 0.9% higher yesterday as market movers focused on the extension … Read more
Rishi Sunak may have tightened the fiscal nation’s belt yesterday as he delivered the Budget, but stylists have revealed his wardrobe is no expenses spared, with a uniform of £160 skin-tight handcrafted shirts and £1,300 ankle-skimming suits. The politician, dubbed ‘Dishy Rishi’ by his female fans, recently marked a year in the role of Chancellor, … Read more
Rishi Sunak may have tightened the fiscal nation’s belt yesterday as he delivered the Budget, but stylists have revealed his wardrobe is no expenses spared, with a uniform of £160 skin-tight handcrafted shirts and £1,300 ankle-skimming suits. The politician, dubbed ‘Dishy Rishi’ by his female fans, recently marked a year in the role of Chancellor, … Read more
Budget 2021 at a glance Here are the main points of Rishi Sunak’s Budget: Office for Budget Responsibility (OBR) predicts economy will return to pre-Covid levels by the middle of 2022, six months earlier than previously thought. OBR forecast economy will grow this year by 4 per cent, by 7.3 per cent in 2022, then … Read more
The five-year freeze on income tax in yesterday’s Budget has been blasted as a ‘stealth and wealth tax’ which will drag 2.3 million workers into higher tax brackets. Rishi Sunak‘s decision not to raise income tax and National Insurance thresholds will amount to a pay cut in real terms for millions of hard-working, middle-class families. … Read more
Budget 2021 at a glance Here are the main points of Rishi Sunak’s Budget: Office for Budget Responsibility (OBR) predicts economy will return to pre-Covid levels by the middle of 2022, six months earlier than previously thought. OBR forecast economy will grow this year by 4 per cent, by 7.3 per cent in 2022, then … Read more