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Rishi Sunak

Chancellor to provide Hospitality sector with £1bn in additional financial support with a one off £6,000 grant

The Chancellor Rishi Sunak has announced on Tuesday that he will provide the hospitality and leisure sectors with a £1bn additional financial support package. The Treasury will also provide £30m… The post Chancellor to provide Hospitality sector with £1bn in additional financial support with a one off £6,000 grant appeared first on London Business News…

£1bn Omicron business measures are nothing but ‘lip service’ the Chancellor should have been much bolder, experts say

The £1 billion Omicron business measures are nothing but a gesture and ‘lip service’ to businesses impacted by the Omicron ‘tidal wave’, say leading tax and advisory firm Blick Rothenberg.… The post £1bn Omicron business measures are nothing but ‘lip service’ the Chancellor should have been much bolder, experts say appeared first on London Business…

Rishi Sunak’s hospitality financial ‘package is far too little and borders on the insulting’

The Chancellor has announced on Tuesday that he will provide the hospitality and leisure sectors with a £1bn additional financial support package. The Treasury will also provide £30m to top… The post Rishi Sunak’s hospitality financial ‘package is far too little and borders on the insulting’ appeared first on London Business News | Londonlovesbusiness.com.

Borrowing figures indicate chancellor has scope to help out

Government borrowing for November was £4.9 billion less than a year ago, according to official figures out today. Tax receipts were up by £1.6 billion but outgoings were still £17.4… The post Borrowing figures indicate chancellor has scope to help out appeared first on London Business News | Londonlovesbusiness.com.

Chancellor urged to provide ‘much needed’ support to SMEs with ‘an extension of the VAT relief’

City Corporation Policy Chair Catherine McGuinness has today called on the Government to provide “much needed” support to SMEs. In a letter to the Chancellor, the Policy Chair said City… The post Chancellor urged to provide ‘much needed’ support to SMEs with ‘an extension of the VAT relief’ appeared first on London Business News |…

‘Where is the chancellor?’ asks Labour MP

Labour MP Pat McFadden asked ‘where is the chancellor?’ today in an urgent question to the House of Commons. ​Querying why Rishi Sunak, the chancellor of the exchequer, was in California, the MP for ​Wolverhampton South East​ said: “Why did he decide to proceed with a trip to California on Tuesday, when it was already…

Labour slams govt for tax hike as prices rise at fastest rate in 10 years

The cost of living soared 5.1% in the 12 months leading up to November 2021, up from 4.2% in October, and the highest hike since September 2011. Surging costs of transport and energy were mostly responsible for the rise, which far surpassed forecasts of a 4.7% jump, according to the Office for National Statistics (ONS).…

Rishi Sunak’s plans to cut the basic rate of income tax is nothing but ‘smoke and mirrors’

The Chancellor, Rishi Sunak’s plans to cut the basic rate of income tax by 2p in 2024/25 is nothing but “smoke and mirrors” as the government makes it first moves… The post Rishi Sunak’s plans to cut the basic rate of income tax is nothing but ‘smoke and mirrors’ appeared first on London Business News…

Sunak grilled by Treasury committee

Chancellor Rishi Sunak faced questions from the parliamentary treasury committee today in his first statement since the budget was unveiled last Wednesday. Sunak defended his national insurance rise, saying: “Anyone who tells you that there’s another way to raise… billions of pounds, I don’t think is being honest or credible because there really isn’t.” After…

Chancellor makes progress on business rates, but inflation and tax clouds gather

Following the Chancellor’s Autumn Budget small businesses are concerned over inflation and rising taxes, the Federation of Small Businesses (FSB) has said. The FSB acknowledged that the Chancellor has delivered… The post Chancellor makes progress on business rates, but inflation and tax clouds gather appeared first on London Business News | Londonlovesbusiness.com.

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