UK

Sunak to hike business tax in a bid to fund COVID-19 support: The Sunday Times

Editorial Bureau February 21, 2021

LONDON (UK) – Finance minister Rishi Sunak is slated to hike the tax on business in a bid to pay for the extension of the pandemic crisis support schemes in the budget next month, said The Sunday Times. Sunak, in his speech on March 3, will announce he is increasing corporation tax from

UK

Sunak’s UK budget to have green tinge

Editorial Bureau February 17, 2021

LONDON (UK) – British finance minister Rishi Sunak’s annual budget on March 3 is set to have a green tinge, even as the country has spent billions of pounds to fund its response to the coronavirus pandemic. Sunak plans to introduce Britain’s first “green” government bonds, designed to finance environmentally friendly investments, and might

UK

Priority is to protect as many jobs as possible from pandemic impact: Sunak

Editorial Bureau February 12, 2021

LONDON (UK) – Finance Minister Rishi Sunak has said that his priority would be to protect as many British jobs as possible from the impact of the novel coronavirus. He said this amid preparation for the next round of support for the economy, which will be unveiled in the budget on March 3. “My priority […]

UK

Sunak to address parliament on Monday

Editorial Bureau January 11, 2021

LONDON (UK) – British finance minister Rishi Sunak will make a statement to parliament with regard to the economy on Monday, the leader of the House of Commons, Jacob Rees-Mogg, said. Sunak will speak to parliament before another minister, Nadhim Zahawi, updates lawmakers on COVID vaccine rollout.

UK

Finance minister Sunak eyes delaying tax rises, says The Times

Editorial Bureau January 9, 2021

LONDON (UK) – The Times reported on Friday that finance minister Rishi Sunak was slated to delay plans for tax hike until late this year. According to a source, the upcoming budget on March 3 was the “wrong time” for tax hikes and the plans were likely to be put on hold until autumn, said […]

Finance

Labour says Britain must working on rebuilding with focus on debt levels

Ren Leen November 23, 2020

LONDON (UK) – Britain must rebuild its economy after COVID-19 with one eye on rising deficit and debt levels, Labour’s would-be finance minister Anneliese Dodds said on Monday, criticising the government’s response to the crisis as wasteful and divisive. Finance minister Rishi Sunak has promised there will be no return to austerity in a spending […]

UK

PM Johnson, Sunak likely to extend universal credit benefit, says The Times

Editorial Bureau November 7, 2020

LONDON (UK) – Both Prime Minister Boris Johnson and finance minister Rishi Sunak have consented in principle to extend a 20-pound weekly hike in universal credit for 6 million people, which comes at a cost of 6 billion pounds, according to The Times report on Saturday. As per the report, a final decision is yet […]

Finance

BoE likely to pump in £150 billion, furlough scheme to continue: The Sun

Editorial Bureau November 5, 2020

LONDON (UK) – The Sun has reported that finance minister Rishi Sunak will pledge to keep in place the pandemic bailout schemes even after the lockdown ends on December 2. According to the newspaper, the Bank of England was slated to pump 150 billion pounds into the economy In a bid to boost it. The […]

UK

Sunak is hopeful about the lockdown being lifted in Dec

Editorial Bureau November 2, 2020

LONDON (UK) – Finance minister Rishi Sunak said on Monday that Britain’s government will seek to lift its four-week coronavirus lockdown for England in early December. This has come a day after another minister said it might have to be extended. Sunak told BBC radio, “Our hope and expectation is, on the basis of everything […]

UK

Finance Minister Sunak comes out with new measures to protect jobs

Editorial Bureau October 22, 2020

LONDON (UK) – Finance Minister Rishi Sunak on Thursday unveiled new steps to protect jobs by easing the eligibility for his jobs furlough scheme, reducing the cost for employers, and announcing new cash grants for businesses hit by the pandemic. “I make no apology for responding to changing circumstances. And so today, we go further,” […]