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Rishi Sunak appeared to take inspiration from Margaret Thatcher today as he insisted the role of government was only to facilitate the growth of individuals, families and communities. The Chancellor’s comments as he unveiled his spending review had echoes of a wider Thatcherite vision of the nation, as espoused by the former prime minister in her … Read more
Britain’s coronavirus-ravaged economy will plunge even further if it fails to agree a Brexit trade deal with the EU, ministers were warned today. The Office for Budget Responsibility (OBR) said that UK GDP could fall an additional two per cent next year if no agreement is in place before December 31. This is on top … Read more
Rishi Sunak today announced he is slashing the UK’s foreign aid budget as he put the Government on a collision course with furious Tory MPs and charity bosses. The Chancellor said the current legal commitment to spend 0.7 per cent of gross domestic product on overseas aid was ‘difficult to justify’ during the coronavirus crisis … Read more
Rishi Sunak today announced he is slashing the UK’s foreign aid budget as he put the Government on a collision course with furious Tory MPs and charity bosses. The Chancellor said the current legal commitment to spend 0.7 per cent of gross domestic product on overseas aid was ‘difficult to justify’ during the coronavirus crisis … Read more
Rishi Sunak today revealed what the Government will spend hundreds of billions of pounds on in the coming years, including £38billion for public services to fight Covid-19 for the final weeks of this year. The Chancellor also pledged £55billion to battle the pandemic in 2021, including £2.6billion for devolved administrations, as he set out his plans … Read more
Rishi waves the cheque book AGAIN: Chancellor unveils multi-billion pound investment with £100bn on infrastructure, £20bn on housing and £19bn on transport in bid to dig Britain out of Covid black hole By Mark Duell for MailOnline Published: 13:55 GMT, 25 November 2020 | Updated: 14:03 GMT, 25 November 2020 Advertisement Rishi Sunak today revealed … Read more
Rishi Sunak today announced the Government will freeze public sector pay next year but NHS workers and those in the lowest paid jobs will still get an increase in their wages. The Chancellor said that while much of the private sector had been hammered during the coronavirus crisis, public sector workers had largely not been … Read more
The soaring cost of Eat Out To Help Out: Rishi Sunak’s discount scheme to help pubs and restaurants cost taxpayers £849million – 70% OVER its £500million estimate – after 49,000 firms claimed for more than 160million meals in August The Treasury estimated that the scheme would cost £500million in total But it overshot the mark … Read more
Rishi Sunak warned Cabinet they face a ‘sobering’ economic situation today as he prepares another spending splurge to shore up jobs and businesses before vaccines finally end the coronavirus crisis. The Chancellor briefed ministers ahead of a Spending Review that will pump billions of pounds into retraining the unemployed, as well as boosting infrastructure, the NHS … Read more
Rishi Sunak warned Cabinet they face a ‘sobering’ economic situation today as he prepares another spending splurge to shore up jobs and businesses before vaccines finally end the coronavirus crisis. The Chancellor briefed ministers ahead of a Spending Review that will pump billions of pounds into retraining the unemployed, as well as boosting infrastructure, the NHS … Read more