Rishi Sunak today dramatically extended the furlough scheme for another month saying businesses need ‘certainty’. The Chancellor said the huge coronavirus bailout will now continue until the end of April, while firms will be able to access loans until the end of March. He also confirmed that the budget will take place on March 3 … Read more
Rishi Sunak rejects plea by Sadiq Khan to bail out London’s hospitality industry after it was plunged into Tier 3 lockdown Sadiq Khan demanded extra support for pubs and restaurants amid job loss fear The Treasury said Mr Sunak had already announced support for hospitality firms Theatre bosses said new rules, forcing them to close venues, … Read more
Price hike fears for Uber and Airbnb customers amid reports Rishi Sunak is planning to impose VAT in a multi-billion-pound tax raid Sunak considering toughening up VAT rules on ‘sharing economy’ businesses Many have grown rapidly in recent years to become hugely successful Treasury is examining ways it could levy VAT on these transactions By Matt … Read more
Rishi Sunak is unlikely to announce an emergency Budget for a No Deal Brexit because Treasury believes robust Covid financial support will soften financial blow Sunak not planning emergency Budget despite threat to farmers of WTO tarriffs Previous Chancellors Javid and Hammond drew up emergency plans for No Deal Coronavirus financial support measures are in … Read more
In a boost to Rishi Sunak‘s ‘jobs, jobs, jobs’ drive, Conservative ex-Cabinet Ministers Amber Rudd and Nicky Morgan have amassed six new jobs between them alone. In Rudd’s case, she has a balanced portfolio, nicely split between work linked to her time as Home Secretary and her earlier stint as Secretary of State for Energy … Read more
Several supermarkets have agreed to waive the business rates holiday and hand over the money saved. Here, we take a look at what it means: – What are business rates? Business rates are paid by every commercial property in the UK. They are similar to council tax for residential properties and are collected by local authorities … Read more
MPs have demanded the Government reveal how hard the UK economy will be hit when duty free shopping for foreign tourists is scrapped next month. Chancellor Rishi Sunak will end VAT refunds for international visitors to British shops from January 1, even as the high street is fighting for its survival after the Covid-19 crisis. … Read more
Britain’s big-spending Chancellor and his billionaire heiress wife dined at an exclusive private members’ club last night as England’s lockdown ended – hours after Rishi Sunak hinted that tax rises are on the horizon to tackle the UK’s huge coronavirus-fuelled debt pile. Mr Sunak and his spouse Akshata Murthy, the daughter of Indian IT mogul Narayana Murthy, headed … Read more
Rishi Sunak braces Britain for tax rises warning the country’s huge coronavirus-fuelled debt pile could be a disaster if interest rates spike By James Tapsfield, Political Editor For Mailonline Published: 09:22 GMT, 3 December 2020 | Updated: 09:22 GMT, 3 December 2020 Rishi Sunak has delivered another strong hint that tax rises are on the … Read more
Rapid economic recovery next year could allow Rishi Sunak to delay tax rises until 2022, ministers hope Chancellor Rishi Sunak refused to commit to the Tories’ triple tax lock Senior Treasury ministers are waiting until the end of the coronavirus pandemic A source told The Telegraph tax rises would not come any time soon Mr … Read more