Chancellor of the exchequer Rishi Sunak has stalled the prime minister’s already delayed energy security strategy. It is nearly three weeks since Boris Johnson pledged the government’s energy plan will be published “in the next few days”. However, Sunak “doesn’t want to provide any new money” for schemes to help wean the UK off its […]
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Brexit is being blamed for a massive hit to UK goods exports with the country failing to rebound from the pandemic as compared to other advanced economies. While the global average saw an 8.2% rise in exports in the three months to January (compared to the same period in 2020) UK exports actually fell a […]
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Rishi Sunak’s claims to be a tax-cutting Tory chancellor have been debunked by the Office for Budget Responsibility (OBR). Sunak’s Spring Statement turned out to be a mini-budget and featured headline grabbing measures such as the 5p off fuel duty (for 12 months), a national insurance cut for 30 million workers and a pledge to […]
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Chancellor Rishi Sunak said the UK economy is entering a “new age of optimism” as he delivered a budget that Labour said only benefitted “bankers on short haul flights sipping champagne”. Sunak said the government’s tax and spending plans – details below – are focused on the “post-Covid” era and will pave the way for […]
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A furious Boris Johnson threatened to sack Rishi Sunak after a leaked letter from the chancellor calling for travel restrictions to be eased was leaked to the press. Labour have called on the prime minister to stop falling out with colleagues and “get a grip on the real challenges facing this country”, calling the dysfunction […]
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Boris Johnson has followed up last night’s warning there’s a “strong possibility” of a no-deal Brexit by saying today it’s now “very, very likely” to be the outcome. Ursula von der Leyen, president of the EU Commission agrees with the prime minister’s assessment and told EU leaders she is pessimistic about the chances of a […]
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The number of deaths recorded in England and Wales has hit a record high amidst warnings Britain’s GDP could shrink by 35% while unemployment may double to 3.4 million in the next two months. The dire forecast from the Office for Budget Responsibility (OBR) says the economy faces its biggest quarterly decline in at least […]
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