Delivering a mini-budget to parliament, finance minister Rishi Sunak's announced measures including bonuses to companies retaining staff and taking on apprentices, investment in 'green' jobs and even allowing the whole country to enjoy discounted meals in restaurants.
Britain on Friday hosts an online gathering of G7 finance ministers, with discussions focusing on aid for the poorest nations hit by the pandemic.
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.
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
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.
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.
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.
British firms called on Tuesday for another 7.6 billion pounds ($10.3 billion) of emergency government help, saying they cannot wait until Chancellor of the Exchequer (Finance Minister) Rishi Sunak’s March budget to learn if they will get more pandemic support.
The punishment for holding social events during the COVID-19 lockdown period is a financial penalty. However, an attempt to erase evidence by deleting messages and pictorial proof is a more serious crime, a sentence for which could even be prison.