March 2010 April 2010 May 2010 June 2010 July 2010
August 2010
September 2010 October 2010
November 2010
December 2010
January 2011
February 2011 March 2011 April 2011 May 2011 June 2011 July 2011 August 2011 September 2011 October 2011 November 2011 December 2011 January 2012 February 2012 March 2012 April 2012 May 2012 June 2012 July 2012 August 2012 September 2012 October 2012 November 2012 December 2012 January 2013 February 2013 March 2013 April 2013 May 2013 June 2013 July 2013 August 2013 September 2013 October 2013 November 2013 December 2013 January 2014 February 2014 March 2014 April 2014 May 2014 June 2014 July 2014 August 2014 September 2014 October 2014 November 2014 December 2014 January 2015 February 2015 March 2015 April 2015 May 2015 June 2015 July 2015 August 2015 September 2015 October 2015 November 2015 December 2015 January 2016 February 2016 March 2016 April 2016 May 2016 June 2016 July 2016 August 2016 September 2016 October 2016 November 2016 December 2016 January 2017 February 2017 March 2017 April 2017 May 2017 June 2017 July 2017 August 2017 September 2017 October 2017 November 2017 December 2017 January 2018 February 2018 March 2018 April 2018 May 2018 June 2018 July 2018 August 2018 September 2018 October 2018 November 2018 December 2018 January 2019 February 2019 March 2019 April 2019 May 2019 June 2019 July 2019 August 2019 September 2019 October 2019 November 2019 December 2019 January 2020 February 2020 March 2020 April 2020 May 2020 June 2020 July 2020 August 2020 September 2020 October 2020 November 2020 December 2020 January 2021 February 2021 March 2021 April 2021 May 2021 June 2021 July 2021 August 2021 September 2021 October 2021 November 2021 December 2021 January 2022 February 2022 March 2022 April 2022 May 2022 June 2022 July 2022 August 2022 September 2022 October 2022 November 2022 December 2022 January 2023 February 2023 March 2023 April 2023 May 2023 June 2023 July 2023 August 2023 September 2023 October 2023 November 2023 December 2023 January 2024 February 2024 March 2024
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29
30
31
News Every Day |

UK economy to face ‘enormous strains’ after lockdown, Rishi Sunak warns

Rishi Sunak
Chancellor Rishi Sunak says the Government’s Covid debt will eventually have to be paid off, leaving the nation’s finances ‘exposed’

Britain’s public finances will face ‘enormous strains’ in the wake of the third national lockdown, the Chancellor has warned.

Ahead of Wednesday’s Budget announcement, Rishi Sunak told the Financial Times a bill for the Government’s £280bn investment in coronavirus support will eventually have to be paid, with low interest rates leaving the nation’s economy ‘exposed’.

Mr Sunak said: ‘We now have far more debt than we used to and because interest rates … at least a month or two ago were exceptionally low, that means we remain exposed to changes in those rates.

‘That’s why I talk about levelling with people about the public finances [challenges] and our plans to address them.’

While Mr Sunak did not reveal any details on specific tax measures, the Budget is expected to include a number of actions aimed at kickstarting the nation’s economy as lockdown eases over the coming months.

These include a £126 million boost for traineeships and a mortgage guarantee scheme aimed at helping aspiring homeowners with small deposits onto the property ladder.

Mr Sunak added that while there is a challenge facing the nation’s economy, he believes the Budget will be a much-needed boon for those hit hardest by the pandemic.

He said: ‘I stood up at the beginning of this [coronavirus] thing and said I will do whatever it takes to protect the British people through this crisis and I remain committed to that.

Embargoed to 0001 Sunday February 21 File photo dated 23/01/15 of For Sale and Sold signs outside houses in north London. Chancellor Rishi Sunak has been urged not to end the stamp duty holiday which is due to finish next month. Issue date: Sunday February 21, 2021. PA Photo. A new report by the right-leaning Centre for Policy Studies (CPS) said the tax break had increased house sales to their highest level since before the 2007 financial crisis. See PA story POLITICS StampDuty. Photo credit should read: Yui Mok/PA Wire
The Budget is expected to include a mortgage scheme to help people get on the property ladder (Picture: Getty)

‘We went big, we went early, but there is more to come and there will be more to come in the Budget. But there is a challenge [in the public finances] and I want to level with people about the challenge.

‘Some 750,000 people have lost their jobs and I want to make sure we provide those people with hope and opportunity. Next week’s Budget will do that.’

Chancellor Rishi Sunak is expected to extend the furlough scheme until summer, as well as a business rates relief scheme to help hard-hit sectors such as hospitality and tourism.

It has previously been reported that Wednesday’s budget will focus on kick-starting the battered economy following successive lockdowns, with any plans for plugging the nation’s finances shelved for the November budget, when it is hoped things will have improved.

A number of Tories have signalled they will not support an increase in taxes in the Spring budget.

It was reported yesterday that the Chancellor is considering freezing the lifetime allowance, which is the amount that can build up in a pension pot before incurring a tax charge.

He is also said to have considered freezing the lower two thresholds on personal income tax, which usually rise per year with inflation.

Tax relief freezes are often described as a ‘stealth tax’ because it allows revenue to be raised without increasing tax rates, meaning the risk of a voter backlash is reduced.

Get in touch with our news team by emailing us at webnews@metro.co.uk.

For more stories like this, check our news page.

Москва

"Известия": на Дмитровском шоссе нашли оружейный схрон террористов из "Крокуса"

I was diagnosed with cancer aged 39… you are never too rich, too famous or too young, says Dr Philippa Kaye

Top 10 Love Affair Movies of the 2000s and 2010s

Top 5 Websites to Watch FREE Movies - TV Shows (No Sign up!)

Top 10 Emmanuelle Seigner Movies

Ria.city






Read also

‘People’s champion’ and legendary horse Limestone Lad dies aged 32 as tributes pour in for iconic runner

Here’s why the Jaffa cake eclipse advert is so very wrong

Macron quips about cuddly 'wedding' pics with Lula

News, articles, comments, with a minute-by-minute update, now on Today24.pro

News Every Day

Top 5 Websites to Watch FREE Movies - TV Shows (No Sign up!)

Today24.pro — latest news 24/7. You can add your news instantly now — here


News Every Day

The 10 Intense New Action Movies on Netflix That Left Me on the Edge of My Seat!



Sports today


Новости тенниса
WTA

Азаренко вышла в полуфинал турнира WTA-1000 в Майами



Спорт в России и мире
Москва

Федерация бокса России на ВДНХ



All sports news today





Sports in Russia today

Москва

Блиц-матч по шахматам между двумя командами провели в павильоне «Спорт для каждого»


Новости России

Game News

Пробный запуск вампирского градостроя Vampire Legacy: City Builder


Russian.city


Москва

Федерация бокса России на ВДНХ


Губернаторы России
Елена Волкова

Перенос дат II этапа культурного проекта «Классика: история и современность» в Дмитрове


Заказать недорогой ремонт шкафов купе в Москве и Московской области

Metaratings: "Спартак" может уволить Абаскаля по ходу сезона, клуб ищет тренера

Мечевой бой состоялся в павильоне «Спорт для каждого»

Гражданина Узбекистана арестовали на Алтае за поддержку теракта в «Крокусе»


Концерт "Crush string quartet "с программой «Мировые рок - хиты»

Двое ставропольцев войдут в команду музыкантов Дениса Мацуева

Сергей Шнуров и Гарик Мартиросян «не смогли поделить» участницу «Новой Фабрики звезд»

“Настя — не из дешёвых женщин”, – У Волочковой появился молодой ухажёр с серьёзными намерениями


Виктория Азаренко вышла в полуфинал турнира WTA-1000 в Майами

Хачанов: хочу вернуться в топ-10 ATP

Хачанов победил Черундоло и пробился в 1/8 финала турнира ATP в Майами

Теннисист Медведев вышел в полуфинал турнира в Майами, обыграв Харри



Шапки женские вязаные на Wildberries, 2024 — новый цвет от 392 руб. (модель 466)

Перенос дат II этапа культурного проекта «Классика: история и современность» в Дмитрове

Архитектурные доминанты округов Москвы

«Радио Зенит» – информационный партнер форума «Мы вместе. Спорт»


Выпуск ЦФА на платформе «Атомайз» поможет снизить нагрузку на экологию

Творческая встреча с искателем приключений состоится в Симферополе

Чемпионат по зимнему плаванию пройдет в Пскове

Федеральный девелопер: ЦФА позволят легко и просто накопить квадратные метры и "обернуть" их в квартиру


Московская классика в молодёжном первенстве: «Спартак» – «Локомотив»

Реконструкция Голутвинского подводного газопровода близится к завершению

Петрозаводский аэропорт усилил меры безопасности

Владлен Валяев победил на World Strongman Championship в Дубае!



Путин в России и мире






Персональные новости Russian.city
Александр Розенбаум

Как Розенбаум судился с мусорщиками, Шнур прогорел на «Пушкине», а Нагиев заработал 4 тысячи рублей за год



News Every Day

I was diagnosed with cancer aged 39… you are never too rich, too famous or too young, says Dr Philippa Kaye




Friends of Today24

Музыкальные новости

Персональные новости