Britain faces another tax hike due to a £4billion black hole in Rishi Sunak’s Budget spending plans, an influential think tank warned today. The Institute for Fiscal Studies said the shortfall for the 2022−23 financial year went ‘entirely unmentioned’ in the Chancellor’s speech to the Commons on March 3. If the spending plan is followed … 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
President Joe Biden on Thursday announced his intention to massively increase the cap on annual refugee admissions to the United States, which fell to a historical low under Donald Trump. In line with a campaign promise, Biden said he would set at 125,000 the cap on admissions as part of the country’s refugee resettlement program, … Read more
ALEX BRUMMER: Japan turns on the taps with a £732bn fiscal package to shore up demand By Alex Brummer for the Daily Mail Published: 22:57 BST, 7 April 2020 | Updated: 22:57 BST, 7 April 2020 When it comes to loading up the big guns, Japan is market leader. Prime Minister Shinzo Abe is unsheathing … Read more
Millionaire Tory donor Howard Shore warns Rishi Sunak not to hit entrepreneurs and pensions with tax hikes in the Budget saying the UK did not undo EU ‘shackles’ only to make firms wear ‘fiscal handcuffs’ Shore urged Chancellor not to slice into rate relief for entrepreneurs and pensions and avoid increasing inheritance tax in March … Read more