Tag: Rishi

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Rishi Sunak and Sajid Javid: the ministers who called out PM’s ‘tone’ and ‘values’

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The chancellor, until recently seen as the most likely successor should Boris Johnson be ousted, has been tipped several times to resign on issues of principle or honour in recent months, but never did – until now. Su...

Rishi Sunak ‘wasted £11bn by paying too much interest’ on UK debt

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Rishi Sunak has been accused of wasting £11bn of taxpayers’ money by paying too much in interest servicing the government’s debt. The National Institute of Economic and Social Research (NIESR) said the losses were the...

It’s a top Tory ploy: so why hasn’t Rishi Sunak cut stamp duty?

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Boris Johnson’s government, out of ideas and beyond its sell-by date, is stuck in a rut. With the economy heading south as inflation ravages household incomes, there is a sense among Tory MPs that the chancellor shoul...

Rishi Sunak’s wife invests in firm linked to Qatari rulers

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The multimillionaire wife of the UK chancellor, Rishi Sunak, holds stakes in a “private investment community for the next generation of global leaders” and a luxury British furniture company backed by Rupert Murdoch’s...

The Observer view on Rishi Sunak’s cost of living package

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Economists and poverty campaigners have for months been warning that low-income families and disabled people would be left in increasingly dire financial straits as a result of inflation hitting its highest level in 4...

Rishi Sunak announces £5bn windfall tax on energy firms

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Rishi Sunak has announced a £15bn package of support for households struggling with the cost of living crisis, part-funded by a £5bn windfall tax on energy companies. The chancellor set out what he called a “significa...

Rishi Sunak reportedly considering windfall tax on electricity generators

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Rishi Sunak is reportedly considering imposing a wider windfall tax on electricity generators, as well as on oil and gas producers, that could bring in billions of pounds to help households struggling with soaring foo...

Rishi Sunak says technical problems stopped him raising benefits more

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Rishi Sunak has claimed he was prevented from raising benefits more at the spring statement because of the old computer system used by the Department for Work and Pensions. Acknowledging that technical problems “sound...

What will Rishi Sunak do about the cost of living crisis?

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The pressure is mounting for Rishi Sunak – the question is when will he crack? After the Bank of England warned the economy was heading for a recession caused by the cost of living crisis, with inflation set to top 10...

Rishi Sunak reportedly blocked from higher benefit rise by ageing IT system

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Rishi Sunak was reportedly blocked from raising some benefits to help them keep pace with spiralling inflation as a result of out-of-date government IT systems. The chancellor was said to have wanted to help those in ...

Rishi Sunak hints at U-turn on UK oil and gas windfall tax

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Rishi Sunak has opened the door to a windfall tax on oil and gas companies despite previously dismissing the policy, as Labour accused the government of burying its head in the sand over spiralling bills. The chancell...

Time for Rishi Sunak to get serious about helping with energy bills

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Rishi Sunak’s first attempt to “take the sting out” of rising household energy bills was a bits-and-pieces £9bn support package that seemed to rest on the idea that the crisis would go away soon. The giveaway in the t...

Farewell, Rishi Sunak, parliament’s Icarus who has finally crash-landed

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When the Times last put Rishi Sunak on the cover of its Saturday magazine, in August 2020, it used a picture that was almost normal. There stood the chancellor behind a green leather chair, wearing a navy suit and pur...

Rishi Sunak: a sorry tale of wealth, morality and tax

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I am sick of hearing that wealthy people who use tax-avoidance schemes are “doing nothing wrong”. The only reason they are doing nothing wrong is that other wealthy people – friends, relatives, business associates, ol...

Rishi Sunak’s stunts and mistakes expose lack of political savvy

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Among the various properties owned by the chancellor of the exchequer Rishi Sunak and his wife Akshata Murty is Kirby Sigston Manor, an expansive Grade II-listed house in a small hamlet in rural North Yorkshire. It co...

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