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

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

Budget 2021: FTSE 100 rises 0.8% as Rishi Sunak Covid response plan is 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: Rishi Sunak unveils £407bn Covid recovery plan for UK economy

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

Spring Budget 2021: Rishi Sunak faces Tory pressure over tax hike fears

Rishi Sunak faces Tory backlash over plans to mount ‘stealth’ raid on wealthy pensioners as well as hiking corporation tax at next week’s Budget Chancellor Rishi Sunak is due to unveil his eagerly-awaited Budget on March 3 It was claimed today Mr Sunak could freeze the lifetime allowance on pensions He is also said to … Read more