Fury over Rishi Sunak’s £30billion funding cut for the NHS in the Budget amid operations backlog

Rishi Sunak is accused of ‘hidden NHS spending cut’: Day-today spending will amount to £30bn less because budget doesn’t include extra cash to deal with non-Covid care Documents show cuts of £30 billion at the Department for Health from April NHS England sees funding fall from £147.7billion to £139.1billion from next year  OBR chief: ‘No … Read more

One in SIX will pay higher rate by 2026 after Rishi freezes thresholds

Budget 2021 at a glance Here are the main points of Rishi Sunak’s Budget: Office for Budget Responsibility (OBR) predicts economy will return to pre-Covid levels by the middle of 2022, six months earlier than previously thought. OBR forecast economy will grow this year by 4 per cent, by 7.3 per cent in 2022, then … Read more

Budget 2021: Fury over Rishi Sunak’s ‘stealth tax’ on the middle classes

The five-year freeze on income tax in yesterday’s Budget has been blasted as a ‘stealth and wealth tax’ which will drag 2.3 million workers into higher tax brackets. Rishi Sunak’s decision not to raise income tax and National Insurance thresholds will amount to a pay cut in real terms for millions of hard-working, middle-class families. … Read more

Rishi Sunak defends income tax raid on low and middle earners

Budget 2021 at a glance Here are the main points of Rishi Sunak’s Budget: Office for Budget Responsibility (OBR) predicts economy will return to pre-Covid levels by the middle of 2022, six months earlier than previously thought. OBR forecast economy will grow this year by 4 per cent, by 7.3 per cent in 2022, then … 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

Budget 2021: Fears of Covid lockdown FOUR as Rishi Sunak extends furlough 

Rishi Sunak today sparked fears of a future return to lockdown after he extended the furlough scheme to the end of September and announced grants for the self-employed will also continue.  The Chancellor used the Budget to confirm that furloughed workers will continue to receive 80 per cent of their wages for the next seven … Read more

UK’s £2.8TRILLION debt mountain amid grim figures

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 Spring 2021: Cost of pandemic will be paid back by ‘many governments over many decades’

The colossal economic damage inflicted during the pandemic will have to be paid back by ‘many governments, over many decades’, Rishi Sunak has admitted.   In an hour-long statement to the Commons, the Chancellor yesterday revealed that the Government has borrowed a record £355billion this year – which at 17 per cent of UK national income … Read more

UK’s £2.8TRILLION debt mountain amid grim figures

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