Rishi Sunak ‘will have to slash public spending or hike taxes to fund his £30 billion mini-budget’

Rishi Sunak will have to slash public spending or hike taxes to fill huge black hole in government’s books after his latest £30billion coronavirus mini-budget, warns former Justice Secretary David Gauke Chancellor Rishi Sunak unveiled ‘plan for jobs’ which could cost up to £30billion It is the latest in a number of interventions to dampen … Read more

Will Rishi Sunak’s mini-budget help small businesses to thrive?

Yesterday, Chancellor Rishi Sunak delivered his summer economic update which set out a ‘Plan for Jobs’ and included benefits to keep the hospitality industry afloat.  He announced a package of measures which he said would help to retain jobs and give business the confidence to retain and hire staff.  These included: a one off £1,000 Job … Read more

Excluded 3million self-employed fail to get help in mini-Budget

Millions of self-employed workers have been left devastated as they watched Chancellor Rishi Sunak deliver his Summer Statement with bated breath, only to hear nothing about receiving any Covid-19 financial support. An estimated 3million of the UK’s workforce have been left in the cold by exclusions in the support package for the self-employed, say campaigners, … Read more

Rishi Sunak admits jobs WILL be lost despite huge mini-Budget bailout

Rishi Sunak today admitted jobs will be lost despite his latest massive mini-Budget ‘bailout’ as he begged Britons to ‘relearn’ the habits of eating out and shopping as lockdown eases. The Chancellor defended the huge package amid criticism it is poorly targeted and does not go far enough, insisting a £1,000 bonus for businesses who … Read more

Rishi Sunak admits jobs WILL be lost despite huge mini-Budget bailout

Rishi Sunak today admitted jobs will be lost despite his latest massive mini-Budget ‘bailout’ as he begged Britons to ‘relearn’ the habits of eating out and shopping as lockdown eases. The Chancellor defended the huge package amid criticism it is poorly targeted and does not go far enough, insisting a £1,000 bonus for businesses who … Read more

Rishi Sunak vows to ‘protect every job possible’ in ‘mini-Budget’

Rishi Sunak’s mini-Budget at a glance A £1,000 Jobs Retention Bonus for employers who bring back furloughed workers beyond January, paid per employee, at a total cost of up to £9bn. Immediately increase stamp duty threshold from £125,000 to £500,000 until March 31. Cut VAT from 20 per cent to five per cent for hospitality … Read more

FTSE opens down 0.5% by 35 points on 6,154 as cautious investors await Rishi Sunak’s mini-budget

The FTSE 100 has creeped up slightly following Rishi Sunak’s post-coronavirus budget but still remains down 0.19 per cent. London’s blue-chip stock market reacted meekly to the Chancellor’s spending bonanza aimed at creating jobs for young people after lockdown. The index was down 11.50 points to 6,178.40 immediately after the minister finished in the House … Read more

House buyers’ joy as Rishi Sunak saves them up to £15,000 by freezing stamp duty in mini-budget

Home buyers’ have reacted with joy at Rishi Sunak’s announcement that he will freeze stamp duty in today’s mini-budget. Mr Sunak today said he would immediately raise the threshold on stamp duty to £500,000 until March 31 2021.  On the housing market, Rishi Sunak said property transactions fell by 50% in May and house prices … Read more

House buyers’ joy as Rishi Sunak saves them up to £15,000 by freezing stamp duty in mini-budget

Home buyers’ have reacted with joy at Rishi Sunak’s announcement that he will freeze stamp duty. Mr Sunak today said he would immediately raise the threshold on stamp duty to £500,000 until March 31 2021.  On the housing market, Rishi Sunak said property transactions fell by 50% in May and house prices have fallen for … Read more

COVID MINI-BUDGET IN BRIEF: Key points of the summer statement at a glance

COVID MINI-BUDGET IN BRIEF: Key points of the Chancellor’s summer statement at a glance By Alex Sebastian For This Is Money Published: 12:50 BST, 8 July 2020 | Updated: 13:07 BST, 8 July 2020 Chancellor of the Exchequer Rishi Sunak answering a question in the House of Commons Chancellor of the Exchequer Rishi Sunak is … Read more