Budget Highlights: Sunak delivers budget to ramp up UK spendings in more of Johnson-Style

Rishi Sunak offered fresh support for working families and raised funding for every government department. He has vowed to stabilize the UK’s pandemic-hit public finances, channelling the upbeat instincts of his boss, Prime Minister Boris Johnson, in a surprisingly expansive budget. The Chancellor of the Exchequer unveiled 75 billion pounds ($ 103 billion) of giveaways,… Continue reading Budget Highlights: Sunak delivers budget to ramp up UK spendings in more of Johnson-Style

Rishi Sunak’s Autumn Budget 2021: Who are the winners and losers?

Chancellor Rishi Sunak’s third budget announcement seems profitable for Prosecco drinkers and low paid workers but isn’t admirable for banks, housebuilders and taxpayers. Many major changes were already announced in the previous budget this year, so the speech was lighter. Major changes comply with corporate tax, a new social care levy, and an increase in… Continue reading Rishi Sunak’s Autumn Budget 2021: Who are the winners and losers?

UK Autumn Budget 2021: Is it going to affect the taxes? If yes, how?

In recent weeks, the treasury has already revealed a string of new economic policies, including the National Insurance charges the employers and workers need to pay along with a rise in the living wage. Many tax changes were announced before the Budget; the Chancellor revealed the complete tax plans with several changes that the British… Continue reading UK Autumn Budget 2021: Is it going to affect the taxes? If yes, how?

What has been announced in the UK Budget 2021?

The Autumn Budget of the United Kingdoms was announced on 27th October 2021. Common statements coming from the government in regards to spending on transport, health and education have been put out in the past few days. Lindsay Hoyle, the common speaker, is furiously telling MP’s on Monday that it was “not acceptable” to brief… Continue reading What has been announced in the UK Budget 2021?

Autumn Budget 2021: Spendings and Review

IFS Researchers initial responseAfter the chancellor delivered his Autumn Budget, the Office for Budget Responsibility (OBR) published a new set of forecasts for public finances and economies.The initial reactions of IFS have been provided below: “The Government is now planning to spend more on public services and to have a more generous system of universal… Continue reading Autumn Budget 2021: Spendings and Review