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  • Rishi Sunak says UK economy will recover earlier than expected, announces corporate tax hike from 2023 Mar 04, 2021 08:38 AM IST

    Rishi Sunak says UK economy will recover earlier than expected, announces corporate tax hike from 2023

    Sunak has already racked up Britain’s highest borrowing since World War Two, with the deficit reaching an estimated 17% of GDP in the 2020/21 financial year that ends in April.

  • UK's Rishi Sunak extends COVID rescue plan but companies to pay more tax from 2023 Mar 03, 2021 07:38 PM IST

    UK's Rishi Sunak extends COVID rescue plan but companies to pay more tax from 2023

    Delivering an annual budget speech on Wednesday, Rishi Sunak said the economy will regain its pre-pandemic size in the middle of 2022, six months earlier than previously forecast, helped by Europe’s fastest COVID-19 vaccination programme.

  • UK says virus-hit economy to rebound 4.0% this year, weaker than forecast Mar 03, 2021 06:28 PM IST

    UK says virus-hit economy to rebound 4.0% this year, weaker than forecast

    Rishi Sunak, unveiling the latest official forecasts in his annual budget, said the rebound would be weaker than the government's previous estimate of 5.5 percent growth

  • UK budget to tackle coronavirus fallout, aid recovery Mar 03, 2021 06:18 PM IST

    UK budget to tackle coronavirus fallout, aid recovery

    Ahead of the budget statement in parliament, Prime Minister Boris Johnson's Conservative government announced late Tuesday that it would extend its furlough scheme paying the bulk of wages for millions of private-sector workers.

  • UK jobless rate hits 5.1% as Rishi Sunak readies more job support Feb 23, 2021 01:55 PM IST

    UK jobless rate hits 5.1% as Rishi Sunak readies more job support

    Separate data from the Office for National Statistics showed that the number of employees on company payrolls in January rose by 83,000 from December, the second monthly increase and its biggest since January 2015.

  • Rishi Sunak plans new Tech Visas to boost UK fintech: Report Feb 22, 2021 02:36 PM IST

    Rishi Sunak plans new Tech Visas to boost UK fintech: Report

    The Daily Telegraph' quoted Whitehall sources with knowledge of the plans to say that the new visas are likely to be approved by Tech Nation, Britain's national network representing tech entrepreneurs

  • COVID-19 impact | UK unemployment hits 5.0% on virus fallout Jan 26, 2021 04:09 PM IST

    COVID-19 impact | UK unemployment hits 5.0% on virus fallout

    At 5.0 percent, the figure is 1.2 percentage points above the same period a year earlier, to reach the highest level since April 2016.

  • UK rolls out $6.2 billion of business support for new lockdown Jan 05, 2021 04:00 PM IST

    UK rolls out $6.2 billion of business support for new lockdown

    Here are the details of the new support to help business survive a new COVID-19 national lockdown.

  • UK abolishes 'sexist' tax on women's sanitary products Jan 01, 2021 09:57 PM IST

    UK abolishes 'sexist' tax on women's sanitary products

    Treasury chief Rishi Sunak had committed to ending the widely unpopular tax on tampons and sanitary pads in his budget in March but the change could only take effect Friday after Britain had finally left the economic orbit of the European Union.

  • Explainer | Why is Akshata Murthy's wealth controversial? Nov 30, 2020 03:52 PM IST

    Explainer | Why is Akshata Murthy's wealth controversial?

    Akshata Murty, the wife of British Chancellor Rishi Sunak and daughter of Infosys Co-Founder NR Narayana Murthy, has come under scrutiny as Sunak failed to declare his family wealth in the ministerial register despite being a public official.

  • COVID-19 impact | UK plunges into deep recession, Rishi Sunak warns people of 'hard times' Nov 22, 2020 10:38 PM IST

    COVID-19 impact | UK plunges into deep recession, Rishi Sunak warns people of 'hard times'

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  • UK extends wage support scheme until March amid new lockdown Nov 05, 2020 07:47 PM IST

    UK extends wage support scheme until March amid new lockdown

    The extension to the salary support program follows the government’s decision last week to reinstate it at least until December 2, when the lockdown in England is due to end.

  • BBC criticised after guest comedian says Rishi Sunak looks like ‘Prince Charles in brownface’ Oct 28, 2020 11:10 PM IST

    BBC criticised after guest comedian says Rishi Sunak looks like ‘Prince Charles in brownface’

    The racial comment sparked a row on Twitter and netizens slammed BBC presenter Tom Price for laughing at comedian Leila Navabi's ‘joke’

  • Here's why UK Chancellor and Narayan Murthy’s son-in-law Rishi Sunak is barred from Yorkshire pub Oct 26, 2020 03:56 PM IST

    Here's why UK Chancellor and Narayan Murthy’s son-in-law Rishi Sunak is barred from Yorkshire pub

    Extension of free school meals was defeated 322 votes to 261 on October 21 in the UK’s House of Commons.

  • Rishi Sunak 'barred for life' from UK pub Oct 24, 2020 05:21 PM IST

    Rishi Sunak 'barred for life' from UK pub

    The Mill pub and its connected Il Mulino restaurant at Stokesley in North Yorkshire, which falls within Sunak's constituency of Richmond (Yorks), took to social media soon after a vote in the House of Commons earlier this week on extending the government's temporary free meals for schoolchildren as part of a campaign led by England team footballer Marcus Rashford.

  • UK PM Boris Johnson unveils free college courses plan for COVID-hit workers Sep 29, 2020 08:14 PM IST

    UK PM Boris Johnson unveils free college courses plan for COVID-hit workers

    Making a reference to the various schemes set out by his Chancellor, Rishi Sunak, to try and address job losses across various sectors during the pandemic, Johnson said the courses would be a means for people to re-skill and re-train in order to apply for different jobs.

  • UK announces new plan to help workers hit by coronavirus pandemic Sep 24, 2020 07:47 PM IST

    UK announces new plan to help workers hit by coronavirus pandemic

    The announcement comes as COVID-19 cases continue to soar across the UK, blunting the country’s economic recovery from a nationwide lockdown imposed in March.

  • UK plans 'Seat Out to Help Out' discounts for coronavirus-hit theatres: Report Sep 06, 2020 04:43 PM IST

    UK plans 'Seat Out to Help Out' discounts for coronavirus-hit theatres: Report

    According to The Sunday Times, the scheme will be modelled on UK Chancellor Rishi Sunak’s successful 'Eat Out to Help Out' restaurant discount offering as a means to boost the coronavirus-hit hospitality sector.

  • UK plunges into deep recession, Rishi Sunak admits ‘hard times are here' Aug 12, 2020 03:10 PM IST

    UK plunges into deep recession, Rishi Sunak admits ‘hard times are here'

    It marks the first time in 11 years that the UK has tipped into a recession, which is defined by two consecutive three-month periods of falling GDP.

  • Rishi Sunak considers ethnic minority figures on UK coins Jul 26, 2020 05:00 PM IST

    Rishi Sunak considers ethnic minority figures on UK coins

    The candidates in the running include Noor Inayat Khan, who was the first Indian-origin World War II spy for Britain, and Khudadad Khan, the first soldier of the British Indian Army to become the recipient of the prestigious Victoria Cross, the highest military award for gallantry in the face of the enemy given to British and Commonwealth forces.

  • Rishi Sunak offers furlough bonus, dine-out discounts to save jobs Jul 08, 2020 07:55 PM IST

    Rishi Sunak offers furlough bonus, dine-out discounts to save jobs

    Together with the VAT cut and this scheme, Sunak hopes to support over 2.4 million staff at over 150,000 businesses, helping them recover and reopen after the COVID-19 lockdown.

  • UK Chancellor Rishi Sunak unveils 1.57 billion pounds arts, culture COVID-19 rescue package Jul 06, 2020 02:10 PM IST

    UK Chancellor Rishi Sunak unveils 1.57 billion pounds arts, culture COVID-19 rescue package

    The Department for Culture, Media and Sport (DCMS) said the new package represents the “biggest ever one-off investment in UK culture” and will provide a lifeline to vital cultural and heritage organisations across the country hit hard by the pandemic.

  • British finance minister Rishi Sunak to delay major stimulus package until autumn Jun 06, 2020 01:47 PM IST

    British finance minister Rishi Sunak to delay major stimulus package until autumn

    Sunak will still announce some limited measures next month, but this would not be a "Budget or mini-Budget", an ally of Sunak told the FT.

  • UK Chancellor Rishi Sunak extends COVID-19 job saving scheme to October May 12, 2020 07:05 PM IST

    UK Chancellor Rishi Sunak extends COVID-19 job saving scheme to October

    In a statement to the House of Commons, the Indian-origin finance minister said the scheme would be extended beyond the June-end deadline with more flexibility as the economy gradually begins to open up over the coming weeks.

  • UK finance minister Rishi Sunak, 39, next in line to lead country after Raab Apr 07, 2020 08:00 PM IST

    UK finance minister Rishi Sunak, 39, next in line to lead country after Raab

    Johnson spent a night in intensive care receiving oxygen treatment following his admission to hospital with a persistent high temperature and cough, more than a week after testing positive for the novel coronavirus.

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