One in SIX will pay higher rate by 2026 after Rishi freezes thresholds

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 defends income tax raid on low and middle earners

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

Budget 2021: 5% VAT cut mean cheaper coffee, meals out and holidays

Britain is set for a summer spending splurge after Rishi Sunak today extended the discount 5% VAT rate, meaning consumers are set for cheaper coffee, meals out and staycations.  The super-low rate will carry on until September, the Chancellor announced in his Budget today, then move to 12.5 per cent until April 2022 before returning … Read more

UK’s £2.8TRILLION debt mountain amid grim figures

Budget 2021 at a glance Here are the main points of Rishi Sunak’s Budget today: Office for Budget Responsibility (OBR) predicts economy will return to pre-Covid levels by the middle of 2022, six months earlier than previously though. OBR forecast economy will grow this year by 4 per cent, by 7.3 per cent in 2022, … Read more

Budget 2021: UK’s tax burden is set to hit highest level since 1960s

Budget 2021 at a glance Here are the main points of Rishi Sunak’s Budget today: Office for Budget Responsibility (OBR) predicts economy will return to pre-Covid levels by the middle of 2022, six months earlier than previously though. OBR forecast economy will grow this year by 4 per cent, by 7.3 per cent in 2022, … Read more

Budget 2021: An extra 300k house sales could beat new stamp duty holiday deadline after extension

An extra 300,000 house sales could beat the new June stamp duty holiday deadline – we talk to a buyer set to save £13,750 Chancellor Rishi Sunak extends the stamp duty holiday in his latest Budget It applies to the first £500,000 of a home’s purchase price until the end of June  An extra 300,000 … Read more

Budget 2021: Asda, Morrisons and Tesco vow to refuse business rates relief

Asda, Morrisons, Tesco and Sainsbury’s have vowed to refuse a business rates relief offered today’s Budget after supermarkets paid back the £1.7billion they saved in the Covid tax break last year. Chancellor Rishi Sunak has said that the business rates holiday will be extended until the end of June for hard-hit retail, hospitality and leisure … Read more

‘Covid vaccine passport app’ to be trialled on Singapore Airlines London flights

Vaccine passports have landed in the UK as the International Air Transport Association trials an app with an airline between Singapore and London. The phone software from IATA stores evidence of a negative Covid test as well as the facility to store evidence travellers have had coronavirus vaccinations. It is being trialled over the next few … Read more

Budget 2021: Rishi Sunak announces eight new freeports to boost international trade

Rishi Sunak today unveiled the eight sites for the first freeports to be created in England. The Chancellor used the Budget to confirm the locations of the ‘special economic zones’ that were first announced in the Tories’ 2019 election manifesto.  East Midlands Airport, the Suffolk ports of Felixstowe and Harwich, the Humber region in Yorkshire, … Read more

Budget 2021: FTSE 100 rises 0.9% as Rishi Sunak Covid response plan is announced

London markets cheer on Chancellor’s budget: FTSE closes up 0.9% or 62 to 6,675 points after Rishi Sunak unveils more big spending to boost Covid-hit economy FTSE 100 index of UK’s leading companies up 0.93% or 61 points at 6,675 today However it had been up further in early trading in London at 6,703 this … Read more