Tag: Rishi Sunak

• Thursday, July 14th 2022 - 07:34 UTC

  Underdog contender jumps into the limelight in UK PM race

  

  British Foreign Trade Secretary Penny Mordaunt Wednesday came out of near-anonymity and became a serious contender to succeed Boris Johnson as leader of the Conservative Party and take over as the new Prime Minister following Wednesday's round of voting in which Economy Minister Nadhim Zahawi and former Health Minister Jeremy Hunt were cast aside.

• Tuesday, July 12th 2022 - 12:07 UTC

  Voting for next Conservative party leader and to replace Boris Johnson begins

  

  Voting will get underway this Wednesday for candidates striving to become the leader of the Conservative party and the next British prime minister. So far eleven MPs have put themselves forward to replace Boris Johnson which comes after the party increased the number of nominations needed to make it to the first-round ballot, in order to speed up the election process.

• Tuesday, July 5th 2022 - 21:56 UTC

  Things will not change under Boris, UK ministers say upon resigning

  

  The British Conservative Government of Boris Johnson has been apparently left against the ropes following Tuesday's back-to-back resignations from the ministers of finance and health citing a “loss of confidence” in Boris Johnson's management.

• Tuesday, April 12th 2022 - 09:04 UTC

  What is a non-dom? The tax status claimed by UK Chancellor Sunak’s wife and other wealthy people

  

  By Ronen Palan (*) – It has emerged that British Chancellor of the Exchequer Rishi Sunak’s wife, Akshata Murty, claims non-domicile (or “non-dom”) tax status, meaning that she does not have to pay UK taxes on income earned elsewhere. This revelation has drawn criticism, especially in light of Sunak raising taxes for working households. An expert answers our questions.

• Sunday, February 28th 2021 - 11:21 UTC

  A million foreign workers are believed to have left Britain: reverse migration, lockdown, Brexit

  

  Foreign workers are leaving Britain at the fastest pace since World War II, presenting a challenge to an economy already roiled by Brexit and the coronavirus. London alone has lost 700,000 people over the last year, recent research suggests.

• Wednesday, February 24th 2021 - 08:33 UTC

  UK planning to spend billions to prop the economy over the next four months

  

  The United Kingdom is set to spend billions of pounds in extra support for the economy over the next four months, as pandemic curbs pushed unemployment to its highest level of almost five years. The chancellor of the exchequer Rishi Sunak will set out the details in his Mar 3 budget.

• Saturday, December 12th 2020 - 09:59 UTC

  UK and Brazil to boost economic relationship

  

  The UK and Brazil made agreements on financial services, taxation, sustainable growth and Green Finance, helping to boost jobs and investments for UK companies. The fourth Economic and Financial Dialogue (EFD) between the UK and Brazil on 10 December 2020 saw the Chancellor, Rishi Sunak, and the Brazilian Economy Minister Paulo Guedes, meeting to build further economic ties between the two countries. They were joined by central bank Governors and heads of financial sector regulators.

• Friday, November 27th 2020 - 09:48 UTC

  UK reduces foreign aid spending; Baroness Sugg resigns over the decision, “it's fundamentally wrong”

  

  Britain reduced its foreign aid spending commitment on Wednesday to 0.5% of gross domestic product from 0.7%, causing junior minister Baroness Liz Sugg to resign and an immediate outcry from development organizations and the spiritual head of the Church of England.

• Thursday, July 16th 2020 - 09:00 UTC

  UK anticipates sweeping tax cuts and planning ten new “free-ports”, after final divorce with EU

  

  British finance minister Rishi Sunak is preparing to introduce sweeping tax cuts and an overhaul of planning laws in up to 10 new “free-ports” within a year of the UK's becoming fully independent from the European Union in December, the Sunday Telegraph said.

• Thursday, July 9th 2020 - 09:20 UTC

  UK announces a £30 billion package to save jobs and help the young into work

  

  The UK government on Wednesday unveiled a package worth £30 billion (US$37 billion, €33 billion) to save jobs and help the young into work to kick-start the coronavirus-hit economy.