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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
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
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
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
Number of single-parent families fell as fewer couples split up over money after UK economy bounced back from 2008 financial crisis, new figures show Office for National Statistics found number of single-parent families had fallen Family lawyer suggested reason for less breakups is improvement in finances Unmarried couples living together with children has increased since … Read more
Rishi Sunak will vow unleash his ‘fiscal firepower’ to rescue Britain’s coronavirus-ravaged economy when he delivers his Budget tomorrow. The Chancellor is set to launch a three-pronged economic plan to breathe new life into UK plc after one of the most disastrous years in history. But his bid to protect jobs and livelihoods while putting … Read more
Famous names worth billions have claimed thousands of pounds of taxpayers’ money from the government to furlough staff during the coronavirus pandemic. They include well-known figures like Guy Ritchie, Cara Delevingne, Petra Ecclestone, the Queen’s nephew David Linley and even former US President Donald Trump. The job retention scheme was designed to help employers keep and … Read more
Famous names worth billions have claimed thousands of pounds of taxpayers’ money from the government to furlough staff during the coronavirus pandemic. They include well-known figures like Guy Ritchie, Cara Delevingne, Petra Ecclestone, the Queen’s nephew David Linley and even former US President Donald Trump. The job retention scheme was designed to help employers keep and … Read more
A high-flying city financier now faces paying millions in legal costs after losing her £600million High Court bid against Barclays over the behaviour of the bank’s bosses when negotiating investment deals during the 2008 financial crisis. Amanda Staveley, 47, claimed Barclays agreed to provide an unsecured £2 billion loan to Qatari investors – but says the … Read more
Women are being unfairly penalised for their love of wine with big tax rises, campaigners say Television host Kate Thornton said increase in duty would ‘hit women hardest’ Wine Drinkers UK asking Rishi Sunak to cut Excise Duty on wine in the Budget Survey found 43 per cent of women favour wine, compared to 21 … Read more