Budget 2021: Rishi Sunak hints at tax rises next week February 28, 2021 Rishi Sunak has hinted that he will raise taxes in the Budget on Wednesday, saying that he wanted to “level” with people about the fiscal challenges to come. He also suggested that he would extend Covid support schemes in his Budget, as expected, saying “we went big, we went early and there’s more to come”. [...]
Budget 2021: Sunak pledges £22bn for new infrastructure bank February 27, 2021 Rishi Sunak will use Wednesday’s Budget to announce billions of pounds of funding for the UK’s new infrastructure bank, which is due to launch in the spring. Announced as part of November’s spending review, the bank is part of Sunak’s pledge to provide “once in a generation” investment into the UK’s infrastructure. The Treasury said [...]
Budget 2021: Chancellor set to unveil mortgage guarantee scheme February 27, 2021 The Chancellor will use Wednesday’s Budget to unveil a new mortgage scheme aimed at getting tens of thousands of people onto the property ladder. Under the new programme, first time or current homeowners looking to buy a house of up to £600,000 will need a deposit of just five per cent to secure a mortgage. [...]
Sunak to crack down on Covid support fraudsters with new taskforce February 27, 2021 A new fraud taskforce to crack down on people who have exploited the government’s Covid-19 support schemes will be unveiled at next week’s Budget. The Treasury has announced that it will put £100m into a new Taxpayer Protection Taskforce to investigate those who fraudulently made use schemes such as furlough and the Self Employment Income Support [...]
Taxes will dominate next week’s Budget, but which ones will Rishi Sunak raise? February 26, 2021 With all eyes on Rishi Sunak following the announcement of the recent government’s roadmap out of lockdown, it becomes increasingly clear taxes are firmly on the chancellor’s radar. To zoom in on the challenges Sunak is facing, City PM caught up with, Tom Stevenson, investment director for personal investing at investment manager Fidelity International. “In recent weeks [...]
British family sells $10m Van Gogh to avoid rise in capital gains tax February 26, 2021 A British family are selling a Vincent Van Gogh drawing for a record breaking $10m (£7.1m) to avoid a potential rise in capital gains tax in next Wednesday’s budget. Thomas Gibson, a London art dealer, and his three sons have decided to sell the Van Gogh alongside seven other works, including art by Lucian Freud [...]
Chancellor Rishi Sunak ‘planning stealth tax rise’ on wealthy pensioners in next week’s Budget February 26, 2021 Chancellor Rishi Sunak 'planning stealth tax increase' on wealthy pensioners in next week's Budget
A catch-up strategy? How Government can give young Brits a boost in Budget 2021 February 26, 2021 A catch-up strategy? How Government can give young Brits a boost in Budget 2021
Labour’s Anneliese Dodds paints government as too London-centric in pre-Budget speech February 25, 2021 Shadow chancellor Anneliese Dodds has called out the government for concentrating too much investment and too many civil service jobs in London over the past decade in a pre-Budget speech today. Dodds said the past 10 years of Conservative government has overseen a six per cent rise in London civil service jobs, while the rest [...]
David Cameron tells Sunak not to raise taxes in Budget next week February 25, 2021 Former Prime Minister David Cameron has urged Rishi Sunak not to hike taxes in next week’s Budget amid speculation he is set to increase corporation tax to help pay off the UK’s Covid spending. Cameron said increasing corporation tax “wouldn’t make any sense at all” before the UK’s economic recovery is further advanced and compared [...]
