UK’s tax burden is set to hit highest level since 1960s as Rishi Sunak raises billions

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

UK’s tax burden is set to hit highest level since 1960s as Rishi Sunak raises billions

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: Rishi Sunak freezes alcohol and fuel tax in boost for Covid-weary UK

Cheers to that! Rishi Sunak freezes booze tax for a second year in a row in a boost for Covid-weary Brits and also keeps fuel duty frozen for the tenth successive year Increases in duty on beer, cider, wine and spirits  axed for second year in a row  Tax on a tankful of fuel will … Read more

‘I’m sure this Budget will look better on Instagram’: Keir Starmer blasts social media-loving Sunak

Sir Keir Starmer accused Rishi Sunak of using today’s Budget to ‘paper over the cracks’ that have opened up in the UK economy during the Covid pandemic –  as he took aim at the Chancellor’s love of social media. The Labour leader goaded Mr Sunak after he presented his plan to restore the nation’s finances, … Read more

Budget 2021: Homebuyers react to Rishi Sunak’s new mortgage guarantee scheme

Aspiring homebuyers today welcomed the Chancellor  announcement that they will receive extra help to get onto the ladder as he pledged a new mortgage guarantee scheme and an extension of the stamp duty holiday.  Rishi Sunak‘s fresh initiative will incentivise lenders to provide mortgages to first-time buyers as well as current home-owners with just 5 per cent … Read more

Budget 2021: FTSE 100 rises 0.8% as Rishi Sunak £407bn Covid response plan announced

London markets cheer on Chancellor’s budget: FTSE rises 0.8% or 53 to 6,667 points as Rishi Sunak unveils more big spending to boost Covid-hit economy FTSE 100 index of UK’s leading companies up 0.8% or 53 points at 6,667 today However it had been up further in early trading in London at 6,703 this morning … Read more

Budget 2021: £150m Rishi Sunak scheme helps locals BUY struggling pubs

Rishi’s £150million pub lifeline: Chancellor unveils scheme to help locals to BUY their struggling boozer and other ‘community assets’ like sports clubs The £150m Community Ownership Fund would provide grants up to £250,000  Will also allow bids for up to £1million in ‘exceptional circumstances’  This would allow larger venues like sports grounds and clubs to … Read more

Rishi Sunak unveils big-spending coronavirus recovery Budget

Rishi Sunak warned the UK cannot ignore its ‘wartime’ levels of borrowing today as he splashed the Covid cash again today to help the recovery. In a crucial Budget that will set the country’s course for years, the Chancellor is extending the £53billion furlough scheme for an extra five months, as well as keeping self-employed … Read more

Rishi Sunak unveils big-spending coronavirus recovery Budget

Rishi Sunak warned the UK cannot ignore its ‘wartime’ levels of borrowing today as he splashed the Covid cash again today to help the recovery. In a crucial Budget that will set the country’s course for years, the Chancellor is extending the £53billion furlough scheme for an extra five months, as well as keeping self-employed … Read more