‘My wife’s been lobbying me about opening the beauty industry’: Rishi Sunak apologises for the delay in getting salons back up and running following the first lockdown after the government was accused of misogyny Rishi Sunak revealed his wife has been ‘lobbying’ him about the beauty industry Chancellor of the Exchequer reflected on reopening salons … Read more
Rishi Sunak was warned against inflicting ‘economic self-harm’ today after the tax watchdog suggested middle-class savers and entrepreneurs should face a multi-billion-pound tax raid. The Treasury’s independent tax watchdog has recommended a major overhaul of the capital gains tax (CGT) regime on the sale of assets, which could triple the number of people hit by … Read more
End of duty-free ‘will cost billions’: Luxury goods firms including Gucci and Tiffany warn that ending VAT refunds will hit UK economy hard Rishi Sunak is ending VAT refunds for international visitors to British shops It is estimated the move could cost the economy up to £3.5billion 11 leading luxury firms have written to Chancellor … Read more
Chancellor Rishi Sunak has hinted that the successful Eat Out To Help out scheme could make a return in the New Year to ‘get consumers spending again’ after England’s second lockdown ends. Mr Sunak said this morning there would be further measures to get people ‘out and about’ in the hope of boosting the nation’s … Read more
A rebel group of Tory MPs determined to oppose any extension to Covid lockdown restrictions has swelled to 70, with dozens more considering joining. The backbench Tory MPs have formed The Covid Recovery Group to oppose a third national lockdown after the current one ends in December. The anti-lockdown alliance, which will have Mark Harper, … Read more
The middle-class capital gains raid: Heat on Rishi Sunak over tax watchdog’s plan for a £90bn hit on property owners, savers and investors Middle-class savers and entrepreneurs face being hammered by a tax raid Office of Tax Simplification (OTS) recommended increasing CGT rates Experts warned investors and entrepreneurs to be on ‘high alert’ By James … Read more
UK economy could bounce back to pre-pandemic levels in SIX MONTHS thanks to vaccine breakthrough, experts claim – despite Bank of England warning it would take until 2022 Economists voice hope recovery could be quicker than feared due to vaccine Bank of England suggested that UK plc will not reach 2019 levels until mid-2022 Claims … Read more
Rishi Sunak insisted that ‘significant progress’ has been made over a post-Brexit trade deal that remains within the UK’s grasp today – as he attacked Brussels over a lack of access for City firms. The Chancellor said it was ‘clear that a deal can be done’ as he set out his plan to ‘renew the … Read more
Is Rishi Sunak propping up failing firms with taxpayers’ cash? The number of businesses going bust falls almost 40 per cent in the third quarter of 2020 compared to this time last year Chancellor has ploughed billions into securing the jobs of millions of workers He has also introduced schemes underwriting loans for thousands of … Read more
Who is Rishi Sunak? That’s the question I set out to answer when I decided to write a book about how he landed one of the most powerful and influential jobs in government. It all happened so suddenly. One minute almost nobody outside Westminster and Yorkshire, where he is an MP, had heard of him. The … Read more