Budget: What should Rishi Sunak prioritise to boost UK manufacturing? March 2, 2021 | City Talk Government borrowing has now exceeded £270bn in this financial year, according to the Office for National Statistics. While under normal circumstances, this may have raised some eyebrows, we are still operating in unprecedented times. Despite the significant COVID-19 relief bill, further investment stimulus is required, and the UK manufacturing sector will be hoping this is [...]
Budget 2021: Sunak to outline post-Brexit regulatory shakeup for the City of London March 2, 2021 Rishi Sunak will outline plans to improve the City of London’s post-Brexit competitiveness in tomorrow’s Budget as he releases a highly anticipated report from the UK’s former EU commissioner for financial services. Sunak is planning to create a new stock listings regime in London to compete with other global financial centres that have benefited from [...]
Budget 2021: Rishi Sunak to unveil £400m boost for culture and arts March 2, 2021 Chancellor Rishi Sunak will this week provide additional support for Britain’s ailing arts and culture sector as businesses prepare for reopenings in the coming months. In his Budget tomorrow, the chancellor will pledge £408m for museums, theatres and galleries to help them survive until the end of lockdown. Under the government’s plan for lifting coronavirus [...]
Budget 2021: Sunak to announce £520m scheme to provide training for SMEs March 2, 2021 Rishi Sunak will announce a £520m scheme in Wednesday’s Budget to help provide MBA-style management training to up to 130,0000 British small to medium sized enterprises (SMEs). The new Help to Grow scheme will see the government pay UK business schools to provide 50 hours of free tuition to SMEs over twelve weeks, with with [...]
Rishi Sunak’s choices: The taxes that may define this year’s Budget March 1, 2021 It is becoming increasingly clear tax hikes are firmly on the Chancellor’s agenda this week, as Rishi Sunak has hinted that he will raise some in the Budget on Wednesday. He is reportedly keen to “level” with people about the fiscal challenges to come. The Chancellor’s primary objective will continue for to be supporting the [...]
Budget 2021: Sadiq Khan calls for funding guarantees for new police officers March 1, 2021 Sadiq Khan has called for Wednesday’s Budget to include specific support for London’s boroughs and a guarantee the capital will see funding for 6,000 new police officers. The mayor of London also asked the chancellor in a letter seen by City A.M. to extend a range of Covid support schemes – including the furlough scheme, [...]
The Week Ahead: March kicks off with the Budget, Aviva, Zoom and Vroom March 1, 2021 March has arrived and City A.M. looks at what the first week of this month has in store. First of all, of course, there is the Budget this Wednesday. It’s the most important week of the year for Chancellor Rishi Sunak as he outlines the outlook for the UK economy over the next few months. He [...]
Pound off to a good start ahead of this week’s Budget March 1, 2021 The pound has got off to a positive start ahead of this week’s budget as optimism over the vaccine rollout, which passed the 20m at the weekend, fostered hopes for an economic rebound that is likely to be much faster than its peers in Europe. Moreover, with the UK budget only two days away, mortgage [...]
Rishi Sunak should axe 20 UK taxes in Budget, says think tank March 1, 2021 The UK should axe inheritance tax, stamp duty, the TV licence fee and 18 other taxes to simplify the UK’s taxation regime post-Covid, according to a free market think tank. The Institute for Economic Affairs’ (IEA) pre-Budget release has called for Rishi Sunak to “simplify the tax system, reduce the overall burden of taxation, and [...]
Budget 2021: UK to spend extra £1.65bn on Covid vaccine rollout February 28, 2021 Rishi Sunak will boost the UK’s Covid vaccine rollout in Wednesday’s Budget by pledging to spend a further £1.65bn on the distribution of the two available jabs. The chancellor said last night that the programme had been “a great success” and that it was “essential we maintain this momentum” by providing more funding for the [...]