The Chancellor announced plans for ‘green growth’ in his Budget today – but they were criticised for being ‘way short’ of the action required to tackle climate change. Rishi Sunak heralded a new national infrastructure bank in Leeds with £12billion to finance a green industrial revolution and £15billion of new green gilts this year. There … Read more
Aspiring homebuyers today welcomed the Chancellor announcement that they will receive extra help to get onto the ladder as he pledged a new mortgage guarantee scheme and an extension of the stamp duty holiday. Rishi Sunak‘s fresh initiative will incentivise lenders to provide mortgages to first-time buyers as well as current home-owners with just 5 per cent … Read more
BUDGET 2021 AT A GLANCE: The key points from Chancellor Rishi Sunak’s speech By Alex Sebastian For This Is Money Published: 12:40 GMT, 3 March 2021 | Updated: 12:40 GMT, 3 March 2021 Chancellor of the Exchequer Rishi Sunak got to his feet in the House of Commons shortly after 12.30pm to deliver his crucial … Read more
Commons Speaker Lindsay Hoyle slams Rishi Sunak’s Budget PR drive complaining about pre-briefing and saying Chancellor shouldn’t be ‘dashing off’ for press conference Chancellor Rishi Sunak will deliver his eagerly-awaited Budget at 12.30 today Much of the detail of the Budget has been released ahead of time by Treasury Lindsay Hoyle said ‘tradition matters’ and … Read more
Rishi Sunak put Britain on standby for tax rises yesterday – as he warned we cannot afford to keep borrowing record sums. Speaking ahead of Wednesday’s Budget, the Chancellor all but confirmed that the £50billion furlough scheme and other Covid support measures will continue until the end of June. The measures are likely to cost … Read more
Multi-millionaire ex-Goldman Sachs banker Richard Sharp who used to be Rishi Sunak’s boss will be next BBC chairman Richard Sharp could be announced in the role as soon as Thursday, say reports The Ex-Goldman Sachs banker used to be the Chancellor Rishi Sunak’s boss He has spent the last year as an unpaid economic adviser … Read more
New lockdown could send Rishi Sunak’s furlough scheme soaring through £50billion barrier as union calls for parents to be paid to stay at home with their children while schools are closed The job retention scheme (JRS) reached £46.4billion before Christmas There was a sharp upturn in payouts following November lockdown Likely to reignite the row … Read more
Sunak’s tourist tax could cost 2,000 Heathrow jobs: Anger mounts over decision to axe VAT refunds for foreign travellers By Tom Witherow For The Daily Mail Published: 21:51 GMT, 11 December 2020 | Updated: 21:51 GMT, 11 December 2020 Heathrow could lose 2,000 retail jobs because of Rishi Sunak’s ‘tourist tax’. The airport made the … 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
Fury as it emerges Rishi Sunak’s figures for spending review were drawn up BEFORE the Oxford Covid-19 jab was announced Tory MPs were left furious after the OBR said projections did not account for jab The projections were based on Britain facing virus restrictions until next summer OBR’s main scenario assumed a ban on household … Read more