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Rishi Sunak’s ‘super deduction’ could let Amazon wipe out its bill: Online giant’s corporation tax could be cut to zero, campaigners warn The online retail giant’s British sales soared 51 per cent to £19.4billion last year Its warehousing arm paid £6.3mil in tax in 2019 despite raking in £3bn in sales But campaign groups say … Read more
The FTSE 100 dipped 0.5% today as traders fretted over interest rates rises and Rishi Sunak’s Budget tax grab for big business. London’s leading index was down by 34 points to 6,641 by mid-afternoon after US stocks plummeted on Wall Street yesterday. The FTSE closed 0.9% higher yesterday as market movers focused on the extension … Read more
Rishi Sunak may have tightened the fiscal nation’s belt yesterday as he delivered the Budget, but stylists have revealed his wardrobe is no expenses spared, with a uniform of £160 skin-tight handcrafted shirts and £1,300 ankle-skimming suits. The politician, dubbed ‘Dishy Rishi’ by his female fans, recently marked a year in the role of Chancellor, … Read more
Rishi Sunak may have tightened the fiscal nation’s belt yesterday as he delivered the Budget, but stylists have revealed his wardrobe is no expenses spared, with a uniform of £160 skin-tight handcrafted shirts and £1,300 ankle-skimming suits. The politician, dubbed ‘Dishy Rishi’ by his female fans, recently marked a year in the role of Chancellor, … Read more
The five-year freeze on income tax in yesterday’s Budget has been blasted as a ‘stealth and wealth tax’ which will drag 2.3 million workers into higher tax brackets. Rishi Sunak’s decision not to raise income tax and National Insurance thresholds will amount to a pay cut in real terms for millions of hard-working, middle-class families. … 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
To paraphrase an old joke: An Etonian, a Harrovian and a Wykehamist and are sitting in a bar when a woman walks in. The Etonian says: ‘Fetch her a chair.’ The Harrovian fetches it. The Wykehamist sits in it. Winchester alumnus Rishi Sunak didn’t pull off quite such a dastardly move yesterday. No. He was … Read more
To paraphrase an old joke: An Etonian, a Harrovian and a Wykehamist and are sitting in a bar when a woman walks in. The Etonian says: ‘Fetch her a chair.’ The Harrovian fetches it. The Wykehamist sits in it. Winchester alumnus Rishi Sunak didn’t pull off quite such a dastardly move yesterday. No. He was … Read more
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
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