Rishi Sunak is under fire after REFUSING to appear in front of MPs to answer questions on his controversial Spending Review as the Chancellor ‘faces questions over his family’s finances’ Spending Review sparked major controversy as Rishi Sunak cut foreign aid Treasury Select Committee asked the Chancellor to come and answer questions But Mr Sunak … Read more
The Covid-19 pandemic will hit the average worker’s pay packet by £1,200 by 2025, analysis by a think tank has revealed today. A report published by the Resolution Foundation has hinted the pandemic will have a lasting impact on the finances of individual Britons, alongside damaging public economics. Here Today, Gone Tomorrow says that by … Read more
Business owners transform Lancashire town of Colne into VIRTUAL high street with website allowing residents to shop at local stores online during lockdown Around 80 firms involved in venture designed to help boost pre-Christmas trade Shoppers choose stores online, then click and collect or access free delivery Entrepreneurs feared firms would have to shut down … Read more
Rishi Sunak warns against accepting a post-Brexit EU trade deal ‘at any price’ with both sides reaching for an agreement as he says the UK economy will prosper ‘in any eventuality’ He spoke today amid ongoing talks between both sides in search of a deal Told the BBC UK has been consistent, adding: ‘we … Read more
UK debt could reach 105% of GDP due to the Government’s Covid spending as the economy suffers its worst contraction in 300 years Top Treasury mandarin Sir Tom Scholar faced the Public Accounts Committee Said Government would press on with providing short-term support to economy Warned UK economy likely to see worst annual contraction for … Read more
Burberry has warned that the government’s plan to end duty-free shopping will trigger tourist exodus and damage UK economy as the brand sees its profits plunge by two thirds during lockdown. The luxury brand which has 10 per cent of their stores closed globally said this will be another challenge along with Covid-19 and Brexit. Burberry … Read more
‘My wife’s been lobbying me about opening the beauty industry’: Rishi Sunak apologises for the delay in getting salons back up and running following the first lockdown after government was accused of misogyny Rishi Sunak revealed his wife has been ‘lobbying’ him about the beauty industry Chancellor of the Exchequer reflected on reopening salons after … Read more
The RETURN of Eat Out to Help Out? Rishi Sunak hints meal deal scheme will be back in the New Year… just as Britons are trying to shift the Christmas pounds Mr Sunak said there would be further measures to get people ‘out and about’ He added that the Government wants to get ‘consumers spending … Read more
Children’s Christmas presents WON’T arrive in time for the big day if shops have to stay in Covid lockdown after December 2, toy chief warns The Entertainer’s Gary Grant said there wouldn’t be ‘enough delivery capacity’ He said the company had seen one of its strongest ever Octobers last month But he stressed that it … Read more
End of duty-free ‘will cost billions’: Luxury goods firms including Gucci and Tiffany warn that ending VAT refunds will hit UK economy hard Rishi Sunak is ending VAT refunds for international visitors to British shops It is estimated the move could cost the economy up to £3.5billion 11 leading luxury firms have written to Chancellor … Read more
The Bank of England pumped another £150billion into the economy as lockdown began today – amid fears that it will send GDP plummeting and destroy jobs. The Bank has increased its mammoth bond-buying programme to £895billion, warning that UK plc’s recovery was already ‘softening’ before the squeeze was announced on Saturday. Interest rates are being … Read more
Dollar rises against pound and US bonds are in demand as investors seek safe havens amid ‘extended uncertainty’ of election Leading up to election day markets had been pricing in a Biden clear sweep Strength of US dollar now on the up as investors flock to ‘safe havens’ By Jane Denton For Thisismoney Published: 11:53 GMT, … Read more
Brexit breakthrough? The UK and EU ‘are close to a compromise on fishing rights’ that could allow them to seal a trade deal within WEEKS They are reported to be closing in on a compromise that would allow a deal Bloomberg said it would allow UK boats to catch more fish after December 31 But … Read more