Jeremy Hunt, the Chancellor of the Exchequer, has delivered his Budget, in which he unveiled big changes to pensions and childcare as part of an effort to tempt people back into work. Here’s our summary of the main announcements: Pensions The lifetime allowance – currently £1,073,100 – to be abolished The tax-free annual allowance for …
Introduction Chancellor of the Exchequer Jeremy Hunt was brought in as a safe pair of hands by Liz Truss amid the fallout from last year’s Mini Budget. Of course, Ms Truss herself did not survive much longer, and after being kept in post by Rishi Sunak, Mr Hunt delivered his Autumn Statement, in which he …
Introduction “A week is a long time in politics,” as Labour Prime Minister Harold Wilson famously said. What, then, is two months? Or to be more exact, 55 days? On 6th September, Liz Truss, having defeated Rishi Sunak in the ballot of Conservative members, became Prime Minister. She duly appointed Kwasi Kwarteng – a man …
*Please note that since this article was written the Higher Tax Rate cut has been cancelled and so is no longer relevant. Reactions to the speech where it was mentioned have been included. Introduction So what was it? A ‘fiscal event’? A Mini Budget? Or a full-blown Budget from a new Chancellor determined to take …
Spring Statement: Key points at a glance The chancellor’s update on the economy comes amid surging prices for household bills and essentials. Chancellor Rishi Sunak has unveiled the contents of his Spring Statement in the House of Commons. He had been under pressure to help households with the cost of living squeeze, with prices rising …
Introduction On Monday March 23rd 2020, the UK went into its first lockdown, following the outbreak and rapid spread of coronavirus. At this point, Rishi Sunak had been Chancellor of the Exchequer for little more than a month, having replaced Sajid Javid on February 13th. He delivered his first Budget a month later, presenting what …
Rishi Sunak, the Chancellor of the Exchequer, delivered his second Budget speech of the year on Wednesday October 27th. It was, he declared at the start of the speech, “a Budget for a new age of optimism”. He sat down an hour later with Conservative backbenchers furiously waving their order papers as he promised “a …
On Wednesday, October 27th Chancellor Rishi Sunak delivered his Autumn Budget to the House of Commons. He announced new plans for the government tax and spending plans, where he focused on what a post-Covid Britain would look like. One of his main points was that we would see an economy of higher wages, higher skills and rising …
Introduction The Chancellor of the Exchequer, Rishi Sunak, presented his first Budget of 2021 on Wednesday March 3rd. Now, a little under eight months later, he was back, rising to speak after Prime Minister’s Questions as he once again tried to chart the UK economy’s recovery from the COVID-19 pandemic – and find a way …
When Chancellor of the Exchequer Rishi Sunak delivered his Budget speech in March much of the focus – inevitably – was on the economy’s recovery from the pandemic, and the cost of all the support measures. But Sunak also announced a host of new initiatives including freeports and a new campus for the Treasury. One …
