Introduction “A week is a long time in politics,” as Labour Prime Minister Harold Wilson famously said. What, then, is two months? Or to be more exact, 55 days? On 6th September, Liz Truss, having defeated Rishi Sunak in the ballot of Conservative members, became Prime Minister. She duly appointed Kwasi Kwarteng – a man …
*Please note that since this article was written the Higher Tax Rate cut has been cancelled and so is no longer relevant. Reactions to the speech where it was mentioned have been included. Introduction So what was it? A ‘fiscal event’? A Mini Budget? Or a full-blown Budget from a new Chancellor determined to take …
Spring Statement: Key points at a glance The chancellor’s update on the economy comes amid surging prices for household bills and essentials. Chancellor Rishi Sunak has unveiled the contents of his Spring Statement in the House of Commons. He had been under pressure to help households with the cost of living squeeze, with prices rising …
Introduction On Monday March 23rd 2020, the UK went into its first lockdown, following the outbreak and rapid spread of coronavirus. At this point, Rishi Sunak had been Chancellor of the Exchequer for little more than a month, having replaced Sajid Javid on February 13th. He delivered his first Budget a month later, presenting what …
Rishi Sunak, the Chancellor of the Exchequer, delivered his second Budget speech of the year on Wednesday October 27th. It was, he declared at the start of the speech, “a Budget for a new age of optimism”. He sat down an hour later with Conservative backbenchers furiously waving their order papers as he promised “a …
On Wednesday, October 27th Chancellor Rishi Sunak delivered his Autumn Budget to the House of Commons. He announced new plans for the government tax and spending plans, where he focused on what a post-Covid Britain would look like. One of his main points was that we would see an economy of higher wages, higher skills and rising …
Introduction The Chancellor of the Exchequer, Rishi Sunak, presented his first Budget of 2021 on Wednesday March 3rd. Now, a little under eight months later, he was back, rising to speak after Prime Minister’s Questions as he once again tried to chart the UK economy’s recovery from the COVID-19 pandemic – and find a way …
When Chancellor of the Exchequer Rishi Sunak delivered his Budget speech in March much of the focus – inevitably – was on the economy’s recovery from the pandemic, and the cost of all the support measures. But Sunak also announced a host of new initiatives including freeports and a new campus for the Treasury. One …
Budget were made by the tax rises, both for individuals and companies, and by the inevitable bill for the pandemic. There was a strong ‘green’ theme running through the Budget. This was shown through the National Infrastructure Bank being established in Leeds, and the Bank of England’s remit being revised to reflect the Government’s stated …
Setting out the government’s tax and spending plans for the year ahead, the Chancellor announced new measures to help business and jobs through the pandemic and to support the UK’s long-term economic recovery and a series of tax-raising plans to help rebalance the public finances. Here is a summary of the main points. Coronavirus support …
