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rishi sunak
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UK's Labour party spokesperson calls Sunak 'economically illiterate'
Bloomberg
PUBLISHED ON MAR 01, 2021 07:03 PM IST
Two days before the chancellor is due to deliver his annual budget, Dodds attacked Sunak for overseeing a “year of short-termism” that has led to mass firings, wasted money and uncertainty among businesses and families about support from the government.
UK's Sunak says Covid vaccine passport idea might help the economy
Reuters, London
UPDATED ON FEB 28, 2021 04:15 PM IST
Prime Minister Boris Johnson said last week that the government would hold a review to consider about using vaccine certificates.
Rishi Sunak says public finances won't be fixed overnight
Reuters, London
PUBLISHED ON FEB 28, 2021 02:42 PM IST
Sunak declined to comment on specific tax rises he might have in mind before delivering the budget to parliament on Wednesday.
Sunak's budget plan may bring 800k people under tax regime: Report
Bloomberg
PUBLISHED ON FEB 28, 2021 01:05 PM IST
About 800,000 people who currently aren’t paying income taxes will do so before the next election is due, the paper said.
UK govt to set $7 billion program to help struggling firms
Bloomberg
PUBLISHED ON FEB 28, 2021 06:01 AM IST
The UK is set to create a 5 billion-pound ($7 billion) grant program to help businesses that have been hard hit by the pandemic.
Sunak plots tax raid to plug UK deficit, risking Tory rage
Bloomberg
PUBLISHED ON FEB 27, 2021 08:27 PM IST
When he comes to deliver his budget on Wednesday, the chancellor of the exchequer faces a battle to persuade his colleagues of the need to turn down the flow of government spending, and to address the painful hole in the public finances, approaching 400 billion pounds ($558 billion).
Sunak to unveil new Covid-recovery loans for UK businesses
Bloomberg
PUBLISHED ON FEB 26, 2021 05:40 PM IST
The new loans are likely to be 80% government-backed, with interest rates capped at about 15%.
Rishi Sunak plans more Covid aid for UK as unemployment climbs
Posted by Ayshee Bhaduri | Bloomberg
UPDATED ON FEB 23, 2021 09:18 PM IST
- The chancellor of the exchequer will set out the details in his March 3 budget after Prime Minister Boris Johnson outlined a timeline for reopening the UK economy that keeps some businesses closed until at least June 21.
UK faces highest peacetime deficit of 270 billion as Rishi Sunak prepares budget
Bloomberg
PUBLISHED ON FEB 19, 2021 01:05 PM IST
- Britain is facing the largest deficit in peacetime and pressure is building on the chancellor to add to it by extending pandemic support programs including furlough payments that are due to expire over the coming weeks
5 Indian-origin persons, Indian activist feature in TIME magazine's list
PTI, New York
PUBLISHED ON FEB 18, 2021 10:47 AM IST
The 2021 TIME100 Next, released on Wednesday, is an expansion of TIME’s flagship TIME100 franchise of the most influential people in the world.
Tesco calls on UK’s Rishi Sunak to introduce higher online sales tax
Bloomberg
PUBLISHED ON FEB 08, 2021 06:55 AM IST
The UK economy has already suffered its deepest recession since the Great Frost of 1709 and is lagging behind all its peers in the Group of Seven.
UK’s Rishi Sunak poised to stick to tax pledges in March 3 Budget
Bloomberg
PUBLISHED ON FEB 02, 2021 10:44 AM IST
Johnson vowed not to increase the three taxes during his campaign for election in 2019, but the economic damage caused by the pandemic called into question the commitment, which covers the Treasury’s biggest revenue raisers.
Rishi Sunak draws up plans to boost UK welfare payments
Bloomberg
PUBLISHED ON JAN 19, 2021 12:02 PM IST
The chancellor of the exchequer has already topped up weekly payments to the low-paid and unemployed in the pandemic.
UK's Rishi Sunak looking to delay tax rises
Reuters
PUBLISHED ON JAN 09, 2021 06:06 PM IST
Sunak has also rejected calls to extend a temporary cut to taxes on property purchases, known as stamp duty, that is due to expire at the end of March.
UK heads for deeper double dip recession with third lockdown
By Bloomberg | Posted by Kanishka Sarkar
PUBLISHED ON JAN 05, 2021 03:53 PM IST
While the damage from the latest lockdown is not predicted to be as severe as the record 18.8% contraction in the second quarter of last year, it continues a torrid period for the UK and may boost the long-term scarring effects of the virus.
Covid-19: UK announces £4.6 billion in new lockdown grants
By Prasun Sonwalkar | Hindustan Times, London
PUBLISHED ON JAN 05, 2021 03:43 PM IST
Michael Gove, UK cabinet minister, said on Tuesday the new lockdown may last until March. Parliament has been recalled on Wednesday to pass related legislation for the third lockdown since March 2020
UK’s Rishi Sunak to set out more aid for lockdown-hit businesses
By Bloomberg | Posted by Kanishka Sarkar
PUBLISHED ON JAN 05, 2021 03:42 PM IST
Prime Minister Boris Johnson ordered England into a fresh lockdown late Monday, amid warnings that the National Health Service is at risk of being overwhelmed by soaring coronavirus infection rates.
UK’s Sunak to announce more business aid amid latest lockdown
By Bloomberg | Posted by Deepali Sharma
PUBLISHED ON JAN 05, 2021 02:17 PM IST
Prime Minister Boris Johnson ordered England into a fresh lockdown late Monday, amid dire warnings that the National Health Service is at risk of being overwhelmed by soaring coronavirus infection rates.
UK GDP grew by record 16% in third quarter but still recovering from crash
By Reuters | Posted by Kunal Gaurav | London
PUBLISHED ON DEC 22, 2020 02:56 PM IST
Britain’s economy was hit harder than most others by the pandemic, which has led the deaths of more people than any other country in Europe after Italy.
Over 38 million people in England face highest Covid-19 curbs
By Bloomberg
PUBLISHED ON DEC 17, 2020 11:02 PM IST
Health Secretary Matt Hancock announced Thursday that more parts of the east and southeast of England will face the toughest rules -- meaning 68% of England’s population will be under tier 3, 30% in tier 2, and just 2% in the lowest tier 1.
UK extends salary support program to contain unemployment
By Associated Press | Posted by Kunal Gaurav | London
PUBLISHED ON DEC 17, 2020 10:20 PM IST
The government confirmed it would carry on paying 80% of the salaries of those workers retained by firms rather than fired. It also extended its government-guaranteed Covid-19 business loan schemes for two months until the end of March.
The right power balance in an interview
By Karan Thapar
UPDATED ON DEC 05, 2020 08:43 PM IST
When you call your guests Sir, you convey an inability to hold them to account. When you call them by their Christian names, you imply an unwillingness to push them to the ropes. In either event, you don’t inspire confidence
Luxury industry’s fears go beyond Christmas sales amid Covid-19 lockdowns courtesy Brexit
By Bloomberg | Posted by Zarafshan Shiraz
UPDATED ON NOV 29, 2020 08:39 AM IST
Retailers are calling on United Kingdom’s Finance Minister Rishi Sunak to reverse a decision to abolish a perk for shoppers from China, the Middle East, the US and other areas outside the European Union as the system lets them reclaim the 20% value-added tax on purchases in the UK
Britain says Brexit trade deal can be reached, but not at any cost
By Reuters | Posted by Kunal Gaurav | London
PUBLISHED ON NOV 26, 2020 03:24 PM IST
European Commission head Ursula von der Leyen said on Wednesday the EU was ready for the possibility of Britain leaving it without a new trade accord despite “genuine progress” in the tortuous Brexit talks.
UK borrowing to hit peacetime high as economy faces Covid-19 emergency
By Reuters | Posted by Ayshee Bhaduri | London
UPDATED ON NOV 26, 2020 12:42 AM IST
Britain’s budget watchdog estimated borrowing would be 394 billion pounds ($526 billion) in the 2020/21 financial year that began in April, slightly more than it predicted in August
Rishi Sunak to pledge $5.7 billion to help UK unemployed find work
By Bloomberg | Posted by Ayshee Bhaduri
UPDATED ON NOV 25, 2020 07:21 AM IST
The Chancellor of the Exchequer will lay out the plan in his spending review on Wednesday, the Treasury said. It includes a 2.9 billion-pound, three-year program to help one million unemployed people find new roles, and 1.4 billion pounds to increase the capacity of job centers
Covid-19: Prepare for economic shock, warns Rishi Sunak
By Prasun Sonwalkar , edited by Vinod Janardhanan | Hindustan Times, London
UPDATED ON NOV 22, 2020 08:59 PM IST
Besides the debilitating economic impact of Covid-19, the UK also faces a hit from January 1, when the Brexit process is completed and the UK moves out of the EU.
Rishi Sunak draws up plans for new UK development bank
By Bloomberg | Posted by Karan Manral
UPDATED ON NOV 21, 2020 09:06 AM IST
The plan is part of PM Boris Johnson’s mission to boost economically neglected regions of the country and is backed by business secretary Alok Sharma, according to people familiar with the matter.
Rishi Sunak’s spending challenge laid bare as deficit hits record
By Bloomberg | Posted by Arpan Rai
PUBLISHED ON NOV 20, 2020 03:57 PM IST
Office for National Statistics figures Friday showed the deficit in October alone totaled 22.3 billion pounds, leaving Britain on course for a shortfall approaching 400 billion pounds for 2020-21 as a whole and debt above 100% for the first time since the early 1960s.
Rishi Sunak appeals for virtual Diwali in UK; lights diyas
By Prasun Sonwalkar | Hindustan Times, London
UPDATED ON NOV 14, 2020 02:51 AM IST
Diwali has almost become a mainstream festival in the UK, with members of the royal family, ministers and others joining celebrations in temples and highlighting its message of triumph of good over evil.