More than 40 Tory MPs have warned Rishi Sunak that axing duty-free shopping could cost up to 50,000 jobs. They say the Chancellor’s decision to scrap the system next year will make Britain less attractive to international visitors. The move could affect not just London, but airports and shopping centres throughout the country including in … Read more
New No10 press chief Allegra Stratton breaks cover to slam ‘unpleasant’ Vote Leave aides amid claims she was ‘left in tears’ by vicious briefing – insisting she IS a Tory and voted for Brexit By James Tapsfield, Political Editor For Mailonline Published: 11:55 GMT, 15 November 2020 | Updated: 11:58 GMT, 15 November 2020 New … Read more
Rishi Sunak in bid to curb foreign aid budget: Chancellor wants 0.7% target axed as he struggles with public finance crisis Rishi Sunak wants to shelve foreign aid target during public finances crisis Chancellor and PM will meet to decide fate of the country’s overseas handouts The UK is legally committed to spending 0.7 per … Read more
Rishi Sunak was warned against inflicting ‘economic self-harm’ today after the tax watchdog suggested middle-class savers and entrepreneurs should face a multi-billion-pound tax raid. The Treasury’s independent tax watchdog has recommended a major overhaul of the capital gains tax (CGT) regime on the sale of assets, which could triple the number of people hit by … Read more
Rishi Sunak admits his wife has been ‘lobbying’ him about opening the beauty industry as he says ‘sorry’ for the delay in getting salons back up and running following the first lockdown Rishi Sunak revealed his wife has been ‘lobbying’ him about the beauty industry Chancellor of the Exchequer reflected on reopening salons after first … Read more
The RETURN of Eat Out to Help Out? Rishi Sunak hints meal deal scheme will be back in the New Year… just as Britons are trying to shift the Christmas pounds Mr Sunak said there would be further measures to get people ‘out and about’ He added that the Government wants to get ‘consumers spending … Read more
A rebel group of Tory MPs determined to oppose any extension to Covid lockdown restrictions has swelled to 70, with dozens more considering joining. The backbench Tory MPs have formed The Covid Recovery Group to oppose a third national lockdown after the current one ends in December. The anti-lockdown alliance, which will have Mark Harper, … Read more
The middle-class capital gains raid: Heat on Rishi Sunak over tax watchdog’s plan for a £90bn hit on property owners, savers and investors Middle-class savers and entrepreneurs face being hammered by a tax raid Office of Tax Simplification (OTS) recommended increasing CGT rates Experts warned investors and entrepreneurs to be on ‘high alert’ By James … Read more
End of duty-free ‘will cost billions’: Luxury goods firms including Gucci and Tiffany warn that ending VAT refunds will hit UK economy hard Rishi Sunak is ending VAT refunds for international visitors to British shops It is estimated the move could cost the economy up to £3.5billion 11 leading luxury firms have written to Chancellor … Read more
Rishi Sunak’s bond to raise ‘green cash’: Investors will be able to buy Government gilts to help raise money for eco-projects Chancellor Rishi Sunak announced the ‘green bond’ available soon to investors Money raised from sale of bonds will fund environmentally friendly projects Bank of England Governor warned climate change poses bigger threat than virus By Lucy White … Read more