Britain’s treasury chief on Wednesday announced an additional 65 billion pounds ($91 billion) of support for an economy ravaged by the coronavirus pandemic, extending job support programs and temporary tax cuts to help workers and businesses in his
Britain is to launch a new Infrastructure Bank with £12 billion ($17 billion) in capital and £10 billion in government guarantees, the Treasury said on Saturday, aimed at kickstarting the economy.
Markets in political commentary overshoot. The trade among hyper-political obsessives has swung from “Keir Starmer had an amazing start as leader of the opposition” to “Labour is doomed”
Britain’s government plans to launch the world’s first sovereign green bonds for retail investors as part of its push to create a net-zero-carbon economy by 2050.
British house price growth picked up unexpectedly last month, mortgage lender Nationwide said on Tuesday, defying expectations of a slowdown as finance minister Rishi Sunak readies new budget measures to boost the market.
Reshuffle speculation may seem like a pointless branch of political commentary. It is just gossip, isn’t it? And it is usually wrong. Yet it is the stuff of politics. It matters who is in which job, in government and in opposition.
The UK Budget was said to be about more emergency spending now, with tax rises and spending cuts to come later: what I called in this column last week an Augustinian Budget. In fact, we have discovered that there were quite a lot of hidden spending cuts
Sunak is expected to announce in his speech on March 3 of increasing corporation tax from 19 pence to 23 pence, according to a report.
British public borrowing surged again in August to a new record high, driven by huge outlays to combat the coronavirus pandemic, with the budget deficit so far this tax year overtaking its full-year peak during the global financial crisis.