Rishi Sunak in bid to curb foreign aid budget: Chancellor wants 0.7% target axed as he struggles with public finance crisis Rishi Sunak wants to shelve foreign aid target during public finances crisis Chancellor and PM will meet to decide fate of the country’s overseas handouts The UK is legally committed to spending 0.7 per … Read more
Rishi Sunak was warned against inflicting ‘economic self-harm’ today after the tax watchdog suggested middle-class savers and entrepreneurs should face a multi-billion-pound tax raid. The Treasury’s independent tax watchdog has recommended a major overhaul of the capital gains tax (CGT) regime on the sale of assets, which could triple the number of people hit by … Read more
Rishi Sunak admits his wife has been ‘lobbying’ him about opening the beauty industry as he says ‘sorry’ for the delay in getting salons back up and running following the first lockdown Rishi Sunak revealed his wife has been ‘lobbying’ him about the beauty industry Chancellor of the Exchequer reflected on reopening salons after first … Read more
The RETURN of Eat Out to Help Out? Rishi Sunak hints meal deal scheme will be back in the New Year… just as Britons are trying to shift the Christmas pounds Mr Sunak said there would be further measures to get people ‘out and about’ He added that the Government wants to get ‘consumers spending … Read more
Rishi Sunak unveils plan to protect the Square Mile after failing to reach a Brexit deal with Brussels By James Salmon for the Daily Mail Published: 21:50 GMT, 9 November 2020 | Updated: 22:19 GMT, 9 November 2020 Rishi Sunak has rushed out plans to protect Britain’s powerhouse financial services sector after failing to reach … Read more
Rishi Sunak insisted that ‘significant progress’ has been made over a post-Brexit trade deal that remains within the UK’s grasp today – as he attacked Brussels over a lack of access for City firms. The Chancellor said it was ‘clear that a deal can be done’ as he set out his plan to ‘renew the … Read more
Rishi Sunak was accused of propping up failing businesses with taxpayers money today amid figures showing a dramatic decline in insolvencies during the coronavirus pandemic. The Chancellor has ploughed billions into securing the jobs of millions of workers through furlough payments and schemes underwriting business loans for thousands of firms. But the Government’s Insolvency Service … Read more
Hundreds of workers who have recently lost their jobs are directing fury at Rishi Sunak, after he announced today that the jobs furlough scheme would be extended until the end of March. In a major Government U-turn the Chancellor said that the move is needed due to quell the economic situation caused by the Covid-19 … Read more
Rishi Sunak extended the furlough scheme until March today amid renewed lockdowns and demands from Nicola Sturgeon. The Chancellor admitted that the recovery had ‘slowed’ and businesses now faced heightened ‘uncertainty’ in a statement to the Commons. Workers will be able to get furlough at 80 per cent of their usual wage until the end … Read more
Rishi Sunak will set out Government’s business support for second national lockdown TODAY as the Chancellor warns the new shutdown will have ‘significant additional impacts’ on the economy and society Rishi Sunak is to deliver a statement in the House of Commons this afternoon Chancellor to set out Government’s support for firms during second lockdown … Read more