Boris Johnson

Rishi Sunak to become next PM

Rishi Sunak is set to become the next leader of the Conservative party and the UK prime minister after becoming the sole candidate to surpass the threshold of 100 votes. Penny Mordaunt announced she was withdrawing from the race only minutes before the nominations deadline at 14:00 BST today (24…

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Gov resignations could impact audit reform, Theta Global warns

The resignation of the UK’s city minister John Glen could cast doubt over the future of audit reform, the co-founder of Theta Global Advisors has warned.  Commenting on the news of the governmental resignations that led to the resignation of prime minister Boris Johnson, Chris Biggs said the departure of…

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Gov ‘not doing enough’ to help firms meet net-zero, says RSM

Nearly half (44%) of middle market business leaders say the UK government is “not doing enough” to support companies in meeting net-zero targets by 2050, according to a survey by leading audit, tax and consulting firm RSM UK. However, over a third (34%) of businesses still do measure their own…

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PM announces £12bn-a-year tax hike to fund NHS and social care

Prime Minister Boris Johnson has announced that the Government is set to introduce a £12bn-a-year tax hike from April 2022 to address NHS backlogs and overhaul social care. The tax rise will consist of a 1.25% jump in National Insurance (NI) contributions, levied on both employers and employees. A tax…

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Sunak to reject furlough extension calls despite ‘freedom day’ delay

Chancellor Rishi Sunak is reportedly set to reject calls for an extension of the furlough scheme and business rates report to businesses despite the prime minister announcing a four-week delay to the lifting of restrictions.  According to the Guardian, sources close to the chancellor have said that he believes sufficient…

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Chancellor to unveil £5bn support package

Chancellor Rishi Sunak is expected to offer over 700,000 retail, hospitality and other businesses grants of up to £18,000 as part of a £5bn rescue package to be included in his Budget speech on Wednesday (3 March). The new ‘Restart Grants’ will be directly distributed from local authorities from April…

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Chancellor expected to extend furlough until May

Chancellor Rishi Sunak is expected to announce a further extension to the government’s furlough scheme until May in his Budget speech next week.  According to The Times, the move is expected after Boris Johnson promised not to “pull the rug out” from businesses when restrictions eventually begin to ease under…

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PM outlines ‘roadmap’ out of lockdown

Prime minister Boris Johnson has set out his four-step “roadmap” to guide the nation out of lockdown “cautiously but irreversibly”, calling the plan a “one-way road to freedom”.  Step one will begin from 8 March, when all schools will be allowed to open with outdoor after-school sports and activities allowed.…

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MPs call for delay in tax rises

A group of northern Tory MPs have urged Chancellor Rishi Sunak to not raise taxes in this current parliament, according to Sky News. The plea comes ahead of the Chancellor’s spending review, which is set to be unveiled later today (25 November). His forecasts are expected to show the lowest…

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PM outlines Covid Winter Plan

Boris Johnson has unveiled his ‘Covid Winter Plan’ in the House of Commons this afternoon, whilst outlining England’s return to a three tier system. He confirmed that national restrictions in England will end on 2 December and will “not be renewed”. This will mean that non-essential retail, gyms and the…

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