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Rishi Sunak is readying billions of pounds more for infrastructure, the NHS and defence in what looks like a final splurge as the coronavirus crisis hammers the public finances. The Chancellor will use the spending review on Wednesday to push ahead with huge investment on schools, hospitals, colleges and prisons to meet Tory election pledges. … Read more
Rishi Sunak warns against accepting a post-Brexit EU trade deal ‘at any price’ with both sides reaching for an agreement as he says the UK economy will prosper ‘in any eventuality’ He spoke today amid ongoing talks between both sides in search of a deal Told the BBC UK has been consistent, adding: ‘we will … Read more
Rishi Sunak warns against accepting a post-Brexit EU trade deal ‘at any price’ with both sides reaching for an agreement as he says the UK economy will prosper ‘in any eventuality’ He spoke today amid ongoing talks between both sides in search of a deal Told the BBC UK has been consistent, adding: ‘we will … Read more
Fashion chains Peacocks and Jaeger fall into administration with more than 4,700 jobs and almost 500 shops under threat The two companies were put into administration after a two-week deadline Jaeger runs 76 stores and concessions across the UK, and has 347 employees Cardiff-based clothing chain Peacocks has 4,369 staff across 423 stores in UK … Read more
Millions of public sector workers face a pay squeeze to help pay for the pandemic. Rishi Sunak will use next week’s spending review to unveil a new era of ‘pay restraint’ to plug the black hole in the public finances. The Chancellor believes it would be ‘unfair’ for more than five million public sector workers … Read more
Britain will become Europe’s greatest naval power again after a £16.5billion boost to defence spending, Boris Johnson vowed yesterday. The Prime Minister said he would ‘restore Britain’s position’ as the ruler of the waves rather than allow the UK to ‘curl up in our island and leave the task to our friends’. Billions of pounds of … Read more
Britain will become Europe’s greatest naval power again after a £16.5billion boost to defence spending, Boris Johnson vowed yesterday. The Prime Minister said he would ‘restore Britain’s position’ as the ruler of the waves rather than allow the UK to ‘curl up in our island and leave the task to our friends’. Billions of pounds of … Read more
Millions of public sector workers face a pay squeeze to help pay for the pandemic. Rishi Sunak will use next week’s spending review to unveil a new era of ‘pay restraint’ to plug the black hole in the public finances. The Chancellor believes it would be ‘unfair’ for more than five million public sector workers … Read more
Burberry has warned that the government’s plan to end duty-free shopping will trigger a tourist exodus and damage UK economy as the brand announced its profits plunged by two thirds during lockdown. Chancellor Rishi Sunak is ending refunds for international visitors to British shops from January 1. The luxury clothing brand, which currently has 10 … 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