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New Chancellor Rishi Sunak’s March 11 budget plans ‘are thrown into chaos’ by coronavirus – as global stock markets brace for another wipeout week Global crisis last week spooked investors and sent stock markets into free-fall Traders are braced for another bruising week on world’s blue-chip exchanges The Office for Budget Responsibility is expected to … Read more
Millionaire Tory donor Howard Shore warns Rishi Sunak not to hit entrepreneurs and pensions with tax hikes in the Budget saying the UK did not undo EU ‘shackles’ only to make firms wear ‘fiscal handcuffs’ Shore urged Chancellor not to slice into rate relief for entrepreneurs and pensions and avoid increasing inheritance tax in March … Read more
John McDonnell mocks Rishi Sunak as ‘deputy chancellor’ saying No 10 aide Dominic Cummings is in real control of the Treasury ahead of this month’s Budget By David Wilcock, Whitehall Correspondent For Mailonline Published: 09:36 GMT, 1 March 2020 | Updated: 10:34 GMT, 1 March 2020 Rishi Sunak was mocked as ‘deputy chancellor’ today by … Read more
Chancellor Rishi Syunak plans £3billion tax grab in the Budget which will hit start-up businesses New Chancellor Rishi Sunak is planning to target entrepreneurs in the budget Treasury determined to press ahead with plans to abolish entrepreneurs’ relief Resolution Foundation called it ‘UK’s worst tax break’ and called for scrapping By Glen Owen Political Editor For … Read more
Millions of savers could have to wait another TWO YEARS to dip into their pensions under amid controversial Treasury plans to raise age for cashing in to 57 Chancellor Rishi Sunak under pressure to raise the minimum pension age to 57 Mr Sunak is due to deliver his first Budget in just weeks on March … Read more
SIMON LAMBERT: Will the Chancellor be brave enough to get rid of Britain’s 60p tax rate? By Simon Lambert for Thisismoney.co.uk Published: 06:00 GMT, 27 February 2020 | Updated: 06:00 GMT, 27 February 2020 It’s high time that Britain got rid of its 60p tax rate, but will the new Chancellor be brave enough? The … Read more
Putting up fuel duty in the Budget would be the equivalent of ‘flashing V-signs’ at ordinary voters, a senior Tory warned last night. Chancellor Rishi Sunak is said to be considering ending the ten-year freeze on fuel duty in next month’s Budget as he tries to find the cash to pay for Boris Johnson’s spending … 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