Sunak’s VAT cut on solar panels won’t help cost of living crisis

Chancellor’s VAT cut worth £1,000 on solar panels is dismissed as doing ‘little to help’ the cost of living crisis as installing them costs almost £5,000 The Chancellor said he would remove VAT on some energy efficient measures  The cut applies to the installation of solar panels, heat pumps and insulation Mr Sunak says cut … Read more

Spiking inflation ‘could add £180 to family food bills next year’

Family food bills could increase by more than £180 next year because of spiking inflation, Labour analysis of official figures has suggested.  The Office for Budget Responsibility has forecast that Consumer Prices Index inflation could rise to more than four per cent in 2022.   Such a rise would add about £3.50 to the cost of … Read more

Labour piles pressure on Boris Johnson and Rishi Sunak to axe VAT on domestic fuel bills

Labour piles pressure on Boris Johnson and Rishi Sunak to axe VAT on domestic fuel bills as Rachel Reeves demands they ‘get a grip’ on cost of living crisis hitting families Rachel Reeves called on Boris Johnson and Rishi Sunak to ‘get a grip’ on prices Shadow Chancellor wants VAT axed for six months to … Read more

Steelworker kills himself by jumping into furnace at Chinese factory after losing £6,000 on market

Steelworker kills himself by jumping into furnace at Chinese factory after losing £6,000 in a day on the stock market Wang Long, 34, was captured throwing himself into furnace in Inner Mongolia  Haunting last image shows him silhouetted against the fiery well of molten steel Police believe he killed himself due to large debts and … Read more

Steelworker kills himself by jumping into furnace at Chinese factory after losing £6,000 on market

Steelworker kills himself by jumping into furnace at Chinese factory after losing £6,000 in a day on the stock market Wang Long, 34, was captured throwing himself into furnace in Inner Mongolia  Haunting last image shows him silhouetted against the fiery well of molten steel Police believe he killed himself due to large debts and … Read more

Budget 2021: 5% VAT cut mean cheaper coffee, meals out and holidays

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