UK

Reducing the tax burden before the next election

Editorial Bureau December 4, 2021

London (UK) – Britain’s finance minister Rishi Sunak is preparing to cut income tax by 2 pence to the pound or to slash rates of Value Added Tax (VAT) before the next election, The Times reported on Friday. Sunak has told officials to draw up detailed plans to reduce the tax burden,

Sport UK

Rishi Sunak celebrates ‘amazing’ England soccer victory after tough year

Editorial Bureau July 8, 2021

LONDON (UK) – England’s victory in the semi-finals of the Euro 2020 soccer championships was an amazing moment for the country after the difficulties of the coronavirus crisis and a taste of what life was like before the pandemic, finance minister Rishi Sunak said. “I think it’s an amazing moment for the country and we’ve […]

UK

After a major plunge due to coronavirus, Britain’s economy grows in last three months

Editorial Bureau March 31, 2021

LONDON (UK) – Britain’s economy that shrank by the most in more than three centuries in 2020 due to coronavirus, has grown more quickly than previously thought in the final three months of last year. The figures also revealed the biggest pile of household savings on record last year, which the Bank of England thinks […]

Business

RICS says UK housing market showed no progress before Sunak’s new measures

Editorial Bureau March 11, 2021

LONDON (UK) – The beginning of the year 2021 saw a slow start for Britain’s housing market, which extended to February, until finance minister Rishi Sunak announced new measures aimed to revive a property boom that started after the first COVID lockdown last year, as per a survey on Thursday. The Royal Institution of Chartered […]

UK

Sunak receives criticism over pre-budget leaks

Editorial Bureau March 3, 2021

LONDON (UK) – British finance minister Rishi Sunak was accused of showing contempt for parliament after the majority of big announcements in Wednesday’s budget were reported in detail in the days and weeks running up to his statement to parliament. Decisions worth more than 100 billion pounds for Britain’s public finances over the next five […]

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 19 pence […]

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 […]