Rapid economic recovery next year could allow Rishi Sunak to delay tax rises until 2022

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 Rapid economic recovery next year could allow Rishi Sunak to delay tax rises until 2022

Rishi Sunak’s wife is richer than the Queen: Her shares in family’s tech firm are worth £430million

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’s wife is richer than the Queen: Her shares in family’s tech firm are worth £430million

Rishi Sunak slammed for not facing MPs over Covid Spending Review

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 Rishi Sunak slammed for not facing MPs over Covid Spending Review

Rishi Sunak refuses to rule out raising income tax, VAT or National Insurance

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 Rishi Sunak refuses to rule out raising income tax, VAT or National Insurance

Rishi Sunak says public sector had a ‘pay premium’ BEFORE coronavirus hit

Rishi Sunak defends public sector wage freeze saying state workers had a ‘7 per cent pay premium’ even BEFORE coronavirus hit and the gap is widening Rishi Sunak has defended public sector pay freeze next year in spending review  Chancellor said there was a 7% ‘premium’ for state workers before the pandemic Mr Sunak insisted … Read more Rishi Sunak says public sector had a ‘pay premium’ BEFORE coronavirus hit

Rishi Sunak hints UK and EU are on the brink of Brexit trade pact

‘It’s clear what the shape of the deal looks like’: Rishi Sunak hints UK and EU are on the brink of Brexit trade pact after watchdog warns failure would wipe another 2 per cent off GDP Rishi Sunak said this morning ‘it is clear what the shape of the deal looks like’  The Chancellor said … Read more Rishi Sunak hints UK and EU are on the brink of Brexit trade pact

Rishi Sunak may be forced to splash MORE cash than set out in Spending Review

Rishi Sunak was today accused of being ‘too optimistic’ and may need to find more cash to tackle Covid-19 despite spending ‘truly astonishing’ amounts trying to keep the British economy afloat. The Chancellor announced yesterday that borrowing would hit almost £400 billion this year, with government spending topping £1 trillion for the first time as the damage … Read more Rishi Sunak may be forced to splash MORE cash than set out in Spending Review

Rishi Sunak warns the cost of Covid-19 pandemic will ‘scar’ the economy

The pandemic will permanently ‘scar’ the economy and blast a gaping hole in the public finances, an official watchdog warned yesterday. In a bleak set of forecasts, the Office for Budget Responsibility said national output will shrink by 11.3 per cent this year – the largest fall in three centuries. It will not return to its … Read more Rishi Sunak warns the cost of Covid-19 pandemic will ‘scar’ the economy

Build build build! Rishi Sunak pledges to plough £100bn into rail, roads, homes and broadband

Rishi Sunak vowed to plough £100billion into road, rail and broadband projects yesterday. The Chancellor refused to renege on the Government’s plan for ‘once-in-a-generation’ infrastructure spending. Despite the Covid hit to the economy, he said he was pressing ahead with the highest sustained level of public investment in more than 40 years. Mr Sunak told … Read more Build build build! Rishi Sunak pledges to plough £100bn into rail, roads, homes and broadband

Rishi Sunak’s Thatcher moment? Chancellor echoes Iron Lady praising ‘the individual and the family’

Rishi Sunak appeared to take inspiration from Margaret Thatcher today as he insisted the role of government was only to facilitate the growth of individuals, families and communities. The Chancellor’s comments as he unveiled his spending review had echoes of a wider Thatcherite vision of the nation, as espoused by the former prime minister in her … Read more Rishi Sunak’s Thatcher moment? Chancellor echoes Iron Lady praising ‘the individual and the family’