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Whenever John McDonnell addresses the Commons, weird things happen in Westminster. The entire parliamentary estate is gripped by unexplained phenomena. Dark nimbus clouds suddenly form over Big Ben. Birds stop tweeting. Flowers along New Palace Yard begin to wilt. Over on Parliament Square, excitable puppies abruptly cease their wagging and curl into defensive balls. It … Read more
Tory MPs write to Chancellor Rishi Sunak urging him to drop plans for fuel duty rise amid fears it could alienate newly-converted Conservative voters in former Labour heartlands Around a dozen Tory MPs in ‘Red Wall’ seats written to Chancellor Rishi Sunak Group said a rise in fuel duty would ‘send the wrong message’ to … Read more
Inheritance tax ‘loophole’ that allows wealthy families to avoid levy by investing in farmland could be closed in Chancellor Rishi Sunak’s Budget Currently people can invest in assets and their children don’t pay inheritance tax The rules exist to allow family-owned businesses or farms to be passed on However, some critics say this is simply … Read more
Tory MPs warn they could sabotage the Budget if Chancellor Rishi Sunak raises fuel duty Conservative MPs warned Chancellor Rishi Sunak against fuel duty increases Fuel duty has been kept at 57.95p per litre for petrol and diesel since 2011 Mr Sunak is understood to be considering ending the nine-year-long freeze By Daily Mail Reporter … Read more
Chancellor Rishi Sunak ‘SCRAPS plan to slash pension tax relief in next month’s Budget’ after backlash from Tory MPs The proposal to cut pension tax relief from 40 to 20 per cent had been mooted MPs have signalled they will not swallow such swingeing pension tax relief cuts David Davis branded the proposals an ‘economic … Read more
We publish our podcast every Friday to the player on This is Money, above, and on Apple Podcasts (iTunes) and on the podcast platforms Audioboom and Acast, both of which allow you to listen on desktop, mobile, or download an app. We also now publish to Spotify. To download the Apple Podcasts app if you … Read more
The most distinguished alumnus of HM Treasury, John Maynard Keynes, once described it as ‘an essential bulwark against overwhelming wickedness’. That may be a trifle over the top. But it cannot be wise for No 10 to think that grabbing full control over economic and fiscal policy, in one of the most open economies in … Read more
HAMISH MCRAE: A Prime Minister and Chancellor heading in the same direction is a welcome change – let’s hope it is the right direction By Hamish Mcrae, Financial Mail On Sunday Published: 21:47 GMT, 15 February 2020 | Updated: 11:35 GMT, 16 February 2020 Boris Johnson now has a War Cabinet. The effective sacking of … Read more
JEFF PRESTRIDGE: New Chancellor Rishi Sunak needs to make his mark…by improving our pensions By Jeff Prestridge for The Mail on Sunday Published: 21:48 GMT, 15 February 2020 | Updated: 14:00 GMT, 16 February 2020 With the smell of a spring Budget in the air comes the rumour of yet more restrictions on the tax … Read more
New Chancellor Rishi Sunak set to crack down on £340m-worth of insurance tax loopholes in his first Budget New Chancellor to stop insurance tax loopholes thought to cost £340m a year Some insurance policies are adding a tax of 20 per cent to their premiums Other insurers were said to be failing to report all … Read more