Budget: Rishi Sunak’s ‘age of optimism’ boosted by higher growth forecast post-Covid October 27, 2021 The Chancellor is planning to strike an upbeat tone as he talks up building a “stronger economy of the future” in his Budget, later today, with the promise of rising wages, cash for the NHS and investment into regional transport projects. Rishi Sunak will hail a “new age of optimism” and he will have more [...]
Sunak to hail Budget as ushering in ‘new post-Covid economy’ but Brits await detail October 27, 2021 Billions of pounds of funding for the NHS and wage rises for millions of workers will make Rishi Sunak hail his Budget as ushering in a “new economy” after the coronavirus pandemic. The Chancellor is to bill his tax and spending plans today as preparing an “economy fit for a new age of optimism” as [...]
Budget Day: All eyes are on Rishi Sunak’s tax and spending plans October 27, 2021 With all the briefings that have been taking place since the weekend there would appear to be little in the way of surprises when the Chancellor of the Exchequer gets up to speak later today. Most of the content appears to have already been pre-briefed much to the displeasure of the Speaker of the House [...]
Calls for at least £15bn funding for remediation works to tackle cladding crisis October 26, 2021 The government has been called on to announce more funding to tackle the cladding crisis at tomorrow’s Budget. Law firm Irwin Mitchell also called for measures including giving leaseholders up-front government funding for remediation works, with no repayment obligation. While the government has announced £5bn to address the issue so far, the sum required is [...]
Exclusive: HMRC’s capital gains tax receipts hit record £11.5bn while Budget increase looms October 26, 2021 There has been much speculation around whether Chancellor Rishi Sunak will increase capital gains tax rates during tomorrow’s budget, which could result in business owners and individuals paying significantly more when they come to sell assets. The increase looms despite HMRC receipts from CGT having risen by 62 per cent in the last five years, [...]
This week’s Budget: An overview of the £30bn of investments announced so far October 25, 2021 More than £30bn of investment has already been revealed by the Treasury ahead of Wednesday’s Budget. Chancellor Rishi Sunak said on Sunday that “(over) the last year, I’ve been focused on delivering our plan for jobs, protecting people’s livelihoods, their incomes, their jobs”. But he said he would now be “looking to the future and [...]
Minimum wage set to rise to £9.50 per hour October 25, 2021 The National Living Wage will increase from £8.91 per hour to £9.50 in the Budget this week. The 59p an hour boost means a full-time worker on the National Living Wage will see a pay rise of more than £1,000 a year. This is a 6.6 per cent increase in the minimum wage, which is [...]
Budget: Regeneration of brownfield sites could deliver 160,000 new homes October 25, 2021 A cash injection of £1.8bn, set to be announced in the Budget this week, should help brownfield sites covering the equivalent of 2,000 football pitches to be turned into plots for new homes. It is hoped hundreds of thousands of homes could be built on regenerated land across the country, while England’s planning system will [...]
HS2 trains on Yorkshire leg will run on existing track as part of government scaling back October 24, 2021 As part of the UK Government’s scaling back on the HS2 project, high-speed trains will run on existing tracks between Yorkshire and the Midlands, the Independent reported exclusively. In addition to a station in Leeds, the government is said to build only a new line to connect the city to South Yorkshire, leaving high-speed trains [...]
Budget: Chancellor admits transport investments will get £1.5bn of new money October 24, 2021 Chancellor Rishi Sunak has admitted that out of the £7bn pledged for transport investments, only £1.5bn has not yet been allocated, the Independent reported. Speaking this morning on Trevor Phillips on Sunday, Sunak said the government “topped that up by £1.5bn” when asked about the actual amount of funding that will come from new money. [...]