Government borrowing is at its highest level since the Second World War. According to the Office for National Statistics it reached £303.1bn in the year to March – nearly £250bn higher than in the previous year. Borrowing in March was £28bn – the latest month to set an unwelcome record. Borrowing in the year to …
At time of writing, the UK’s FTSE 100 index of leading shares is at 6,882 – up 7% on where it ended 2020. In the US the Dow Jones index is up 11% for the year at 33,821 with other major markets around the world also making significant gains in the first four months of …
Setting out the government’s tax and spending plans for the year ahead, the Chancellor announced new measures to help business and jobs through the pandemic and to support the UK’s long-term economic recovery and a series of tax-raising plans to help rebalance the public finances. Here is a summary of the main points. Coronavirus support …
Back in 2018 Mike Ashley, owner of Sports Direct and other high street brands, famously declared that ‘the British high street will be dead by 2030.’ The targets of his anger were MPs in general and the then-Chancellor Philip Hammond in particular. Any more taxes on the high street, Ashley argued, and it would collapse …
