Labour claims Sunak will not have the ‘fiscal headroom’ to cut taxes before next election November 14, 2021 New UK growth forecasts from the Bank of England show that Rishi Sunak will not have the “fiscal headroom” to cut taxes before the next election, according to shadow chancellor Rachel Reeves. The central bank now forecasts the UK economy will grow by 1.5 and 1 per cent in 2023 and 2024 respectively, compared to [...]
Range of investors circle Teesside superport as offers could hit £2bn August 30, 2021 The battle to win a £2bn takeover of Britains fifth largest port, Teesside’s PD Ports, has gained the attention of numerous investors. The site which was recently awarded a low-tax freeport status has become a target for the Duke of Northumberland’s Northumberland Estates, Legal & General, Credit Suisse joined with the Pension Insurance Corporation. Teesport [...]
Liberal Democrats call for £5.5bn-a-year tax cuts for small businesses December 2, 2021 The Liberal Democrats are calling for Rishi Sunak to bring in a package of tax cuts for small businesses that would be worth up to £5.5bn-a-year. Party leader Ed Davey said “Boris Johnson must be living on another planet” if he thinks his government’s planned tax rises, which will increase the country’s tax burden to [...]
Seething Tory row overshadows Boris Johnson’s much-trumpeted post-Brexit visit to India as allies lash out at critical MPs April 22, 2022 Allies of Boris Johnson have lashed out at Tory MPs calling for the Pinrime Minister to resign after the House of Commons ordered a third inquiry into lockdown parties in Downing Street. Senior backbencher Tobias Ellwood said there had been “a huge breach of trust” with the British people as he called on Conservative MPs [...]
UK house prices accelerate at fastest pace since before financial crisis December 30, 2021 UK house prices have accelerated at their fastest pace since before the financial crisis, shooting up over 10 per cent over the last year, reveal fresh figures released today. The cost of buying a home in Britain hit £254,822 this month, the highest price on record and up around £24,000 since December last year, according [...]
Budget 2021: Government invests in road and railway, as APD for domestic flights goes down October 27, 2021 In his Autumn Budget speech, Chancellor Rishi Sunak has set out the funding for the transport sector, focusing on road and rail improvements as well as lowering air passenger duty (APD) taxes on domestic flights. To level up the country’s “uneven economic geography”, the Chancellor is allocating £130bn for infrastructure investments such as road, railway [...]
West End bemoans business rates delays as reform heads for the long grass October 15, 2021 Central London bosses last night said another delay to business rates reform would be a “further blow” for beleaguered bars and restaurants. Chancellor Rishi Sunak has reportedly delayed a fundamental review of the levy, further rubbing salt in the wounds of West End businesses teetering on the brink after several lockdowns and fledgling return of [...]
Partygate: Boris Johnson shakes up No 10 ahead of final Sue Gray report next week May 20, 2022 Boris Johnson has overhauled his Downing Street operation following the conclusion of a four-month Metropolitan Police inquiry into lockdown-busting parties at the top of Government during the pandemic. Scotland Yard’s Operation Hillman was closed on Thursday with a total of 126 fixed penalties handed out to 83 people, although it was confirmed the Prime Minister [...]
Realistic interest rates will save us, and we have a sub-Prime Minister to thank for it October 27, 2022 This time last week, Monty Munford was enjoying a bit of lunch in Westminster when all manner of hell kicked off around him.
London titans fear business rates relief cap will leave them with ‘same old headache’ October 28, 2021 Central London businesses and landlords have been left disappointed after a cap on a new business rates discount. At the dispatch box on Wednesday, Chancellor Rishi Sunak announced a one-year discount of 50 per cent for businesses in the hospitality, retail and leisure sectors. Eligible businesses will be able to claim a discount on their [...]