Britain is set for a summer spending splurge after Rishi Sunak today extended the discount 5% VAT rate, meaning consumers are set for cheaper coffee, meals out and staycations. The super-low rate will carry on until September, the Chancellor announced in his Budget today, then move to 12.5 per cent until April 2022 before returning … Read more
Rishi Sunak today sparked fears of a future return to lockdown after he extended the furlough scheme to the end of September and announced grants for the self-employed will also continue. The Chancellor used the Budget to confirm that furloughed workers will continue to receive 80 per cent of their wages for the next seven … Read more
The colossal economic damage inflicted during the pandemic will have to be paid back by ‘many governments, over many decades’, Rishi Sunak has admitted. In an hour-long statement to the Commons, the Chancellor yesterday revealed that the Government has borrowed a record £355billion this year – which at 17 per cent of UK national income … Read more
Budget 2021 at a glance Here are the main points of Rishi Sunak’s Budget today: Office for Budget Responsibility (OBR) predicts economy will return to pre-Covid levels by the middle of 2022, six months earlier than previously though. OBR forecast economy will grow this year by 4 per cent, by 7.3 per cent in 2022, … Read more
Budget 2021 at a glance Here are the main points of Rishi Sunak’s Budget today: Office for Budget Responsibility (OBR) predicts economy will return to pre-Covid levels by the middle of 2022, six months earlier than previously though. OBR forecast economy will grow this year by 4 per cent, by 7.3 per cent in 2022, … Read more
Budget 2021 at a glance Here are the main points of Rishi Sunak’s Budget today: Office for Budget Responsibility (OBR) predicts economy will return to pre-Covid levels by the middle of 2022, six months earlier than previously though. OBR forecast economy will grow this year by 4 per cent, by 7.3 per cent in 2022, … Read more
Former Labour leader Jeremy Corbyn today accused Chancellor Rishi Sunak of stealing the economic policies of his hard-Left Shadow Chancellor John McDonnell for a radical Budget that will set Britain’s course for years. Mr Corbyn told the Commons many of Mr Sunak’s announcements, including furlough, the Green Industrial Revolution and the relocation of civil servants … Read more
To paraphrase an old joke: An Etonian, a Harrovian and a Wykehamist and are sitting in a bar when a woman walks in. The Etonian says: ‘Fetch her a chair.’ The Harrovian fetches it. The Wykehamist sits in it. Winchester alumnus Rishi Sunak didn’t pull off quite such a dastardly move yesterday. No. He was … Read more
Money to pay back the vast costs of Covid-19 has to come from somewhere. Unfortunately for Middle Britain, much of the burden will fall on its shoulders. Indeed, Rishi Sunak‘s coronavirus face mask could double up as a highwayman’s disguise, so adept has he been at forcing the middle classes to stand and deliver. He … Read more
ALEX BRUMMER: The figures are frightening… God help us if interest rates go up By Alex Brummer for the Daily Mail Published: 22:16 GMT, 3 March 2021 | Updated: 22:17 GMT, 3 March 2021 Never in peacetime has a Chancellor of any political hue lavished sums so generously as Rishi Sunak to preserve jobs and … Read more