Rishi Sunak was today warned that hiking taxes too early risks wrecking the fledgling economic recovery as a think-tank said the UK faces the biggest hit in the G7 The respected NIESR urged the Chancellor to be cautious in his Budget next month, despite hints that he intends to start repairing the battered public finances. … Read more
Business rates must be cut permanently to prevent lasting fallout for high streets and jobs, retail bosses warn the Chancellor today. The heads of some of the UK’s top stores, including Tesco, Asda and Waterstones, are urging Rishi Sunak to use next month’s Budget to save shops devastated by the pandemic. They want business rates … Read more
RUTH SUNDERLAND: Rishi Sunak clearly feels enough is enough… and he’s right By Ruth Sunderland for the Daily Mail Published: 00:49 GMT, 8 February 2021 | Updated: 00:49 GMT, 8 February 2021 Rishi Sunak’s plan to tax the obscene profits being made in the pandemic by Amazon and fellow online retailers cannot come into force … Read more
Amazon and other online retailers are facing the prospect of a double tax raid, including one on the huge profits made by some web-based businesses during the Covid pandemic. Treasury officials are reportedly weighing up plans for an online sales tax in a bid to re-balance the scales between booming online businesses and struggling high … Read more
More than 1.4million businesses are given more time to repay Covid ‘bounce back’ loans over fears of economic catastrophe Chancellor Rishi Sunak is expected to announce a ‘pay as you grow’ scheme Almost £4.5billion has been loaned under the Government scheme so far New measures will allow businesses to extend loan terms from six to … Read more
Carbon tax plan gets binned by Boris Johnson amid fear it would spark a rise in food prices Prime Minister Boris Johnson has dropped plans to introduce a carbon tax The move would have seen prices for meat, cheese and gas rise sharply Whitehall departments had been asked to draw up a ‘price’ for carbon … Read more
Carbon tax plan gets binned by Boris Johnson amid fear it would spark a rise in food prices Prime Minister Boris Johnson has dropped plans to introduce a carbon tax The move would have seen prices for meat, cheese and gas rise sharply Whitehall departments had been asked to draw up a ‘price’ for carbon … Read more
Tory anger is mounting over ‘goalpost shifting’ on lockdown today as ministers and scientists suggested all over-50s should get vaccines before any ‘significant’ easing. Pressure is growing on Boris Johnson to commit to a major relaxation of the draconian measures within weeks, after the UK’s rollout of jabs hit the milestone of 10million people covered. … Read more
Tory anger is mounting over ‘goalpost shifting’ on lockdown today as ministers and scientists suggested all over-50s should get vaccines before any ‘significant’ easing. Pressure is growing on Boris Johnson to commit to a major relaxation of the draconian measures within weeks, after the UK’s rollout of jabs hit the milestone of 10million people covered. … Read more
Rishi Sunak ‘fears scientific advisors are “moving the goalposts” on when lockdown can end but tells allies he hopes “fat lady sings” moment when restrictions are banished for good is close’ Chancellor is eager to ease restrictions as soon as possible to kickstart recovery He is said to be anxious that nation’s top scientists are … Read more