Council tax is on track to raise an extra £7.5billion a year after Rishi Sunak gave town halls permission to put bills up by 5 per cent. The government’s watchdog has estimated that the levy bring in another £1.8billion next month, suggesting two thirds of authorities will take advantage of the new freedom. And by … Read more
Superdry boss’s fury at Chancellor for failing to reform business rates in his budget By Daily Mail City & Finance Reporter Published: 21:51 GMT, 4 March 2021 | Updated: 21:51 GMT, 4 March 2021 Superdry’s boss has lashed out at the Chancellor for failing to reform business rates. Julian Dunkerton said he was ‘disappointed’ by … Read more
Budget 2021 at a glance Here are the main points of Rishi Sunak’s Budget: Office for Budget Responsibility (OBR) predicts economy will return to pre-Covid levels by the middle of 2022, six months earlier than previously thought. OBR forecast economy will grow this year by 4 per cent, by 7.3 per cent in 2022, then … Read more
Rishi Sunak today sparked fears of a future return to lockdown after he extended the furlough scheme to the end of September and announced grants for the self-employed will also continue. The Chancellor used the Budget to confirm that furloughed workers will continue to receive 80 per cent of their wages for the next seven … Read more
Jeremy Corbyn has accused Rishi Sunak of stealing the economic policies of his hard-Left Shadow Chancellor John McDonnell for his radical Budget. The former Labour leader said many of the Chancellor’s announcements, including furlough, the Green Industrial Revolution and the relocation of civil servants to the North, were policy proposals in Labour’s 2019 manifesto. Mr Corbyn, … Read more
Jeremy Corbyn has accused Rishi Sunak of stealing the economic policies of his hard-Left Shadow Chancellor John McDonnell for his radical Budget. The former Labour leader said many of the Chancellor’s announcements, including furlough, the Green Industrial Revolution and the relocation of civil servants to the North, were policy proposals in Labour’s 2019 manifesto. Mr Corbyn, … Read more
Rishi Sunak carefully positioned himself at the top of the staircase of No11 for his latest pandemic Budget photocall in a marked change from his official photo line up from last year. The 5ft5 Chancellor displayed a calm demeanour as he and his Treasury team gathered on the flight of stairs and looked up at the photographer … Read more
Rishi Sunak carefully positioned himself at the top of the staircase of No11 for his latest pandemic Budget photocall in a marked change from his official photo line up from last year. The 5ft5 Chancellor displayed a calm demeanour as he and his Treasury team gathered on the flight of stairs and looked up at the photographer … Read more
Cigarette prices will not rise as Rishi Sunak left tobacco duty out of his 2021 spring Budget. Experts had predicted an increase of two per cent plus inflation to be announced, but that appears to have been scrapped. Mr Sunak increased tobacco duty in his 2020 Budget and in his November Spending Review, and decided … Read more
Labour leader Sir Keir Starmer was today accused of being ‘ineffective’ after mocking Rishi Sunak’s love of social media in his response to the Tory Chancellor’s radical Budget. The Chancellor announced that income tax thresholds are being frozen until 2026 and corporation tax is being hiked from 2023 as he revealed the Government’s ‘unimaginable’ £407billion … Read more