Britain faces another tax hike due to a £4billion black hole in Rishi Sunak’s Budget spending plans, an influential think tank warned today. The Institute for Fiscal Studies said the shortfall for the 2022−23 financial year went ‘entirely unmentioned’ in the Chancellor’s speech to the Commons on March 3. If the spending plan is followed … Read more
David Cameron today added his voice to warnings against early tax rises in the Budget. The former PM said it would make ‘no sense’ to ‘pile’ more burden on to businesses before the economy has even reopened. The comments, in an interview with CNN, came as Rishi Sunak puts the final touches to his crucial … Read more
Keir Starmer stood in front of a Union Jack backdrop today as he set out his economic vision for the future, days after being urged to undergo a ‘patriotic rebrand’ to win over lost Labour voters. The Opposition leader warned Boris Johnson not to ‘waste the sacrifices of the last year’ with a botched rebuilding of the … Read more
Sir Keir Starmer warned Boris Johnson not to ‘waste the sacrifices of the last year’ with a botched rebuilding of the UK economy today as he set out his own economic vision for the future. The Labour boss warned the PM and Chancellor Rishi Sunak against hiking taxes or implementing a new wave of austerity in … Read more
Sir Keir Starmer has warned that tax rises and austerity risk ‘choking off’ a rapid economic revival after the coronavirus pandemic. The Labour leader said he wanted to model the UK’s recovery on Clement Attlee’s post-Second World War strategy to restore Britain’s ‘backbone’. ‘In the short term, you don’t balance the books and you don’t … Read more
Sir Keir Starmer has warned that tax rises and austerity risk ‘choking off’ a rapid economic revival after the coronavirus pandemic. The Labour leader said he wanted to model the UK’s recovery on Clement Attlee’s post-Second World War strategy to restore Britain’s ‘backbone’. ‘In the short term, you don’t balance the books and you don’t … Read more
Boris Johnson today vowed to keep splashing the cash despite mounting government debt as he insisted the coronavirus crisis can be an ‘opportunity for change’. The PM said he will ‘double down’ on investment in ‘levelling up’ the UK, comparing the effort to Franklin D Roosevelt’s New Deal following the Great Depression in the US … Read more
Boris Johnson vows that workers who bore brunt of austerity WON’T have pay to revamp economy after coronavirus as he vows to usher in ‘decade of investment’ PM will unveil ‘decade of investment’ in an infrastructure spending spree Expected to stand in contract to 2008 bank bailouts which saw workers suffer Rishi Sunak will expect shareholders … Read more
Pensioners are urging insurers to help them through the virus crisis by giving them a lump sum rather than paltry drawn-out annuity payments. Money Mail has long campaigned for pensioners trapped with small annuities to be allowed to take a more meaning- ful amount. Alan Fowler, 72, has an annuity from Legal & General (L&G) … Read more
Michael Gove hinted at looming austerity today amid grim warnings of a 10 per cent hit to GDP and the jobless total hitting 2.75million by June. The Cabinet minister said it was right to put the UK into lockdown to limit the spread of the disease, even though it meant spiralling UK debt, as you … Read more