Tag: Sunak

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Rishi Sunak faces Tory clamour to act now on cost of living crisis

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Tory MPs are piling pressure on Rishi Sunak to take decisive action to deal with the cost of living crisis with measures such as cutting VAT, increasing energy bill support and raising benefits, as inflation is foreca...

‘No options off the table’ as Rishi Sunak warms to windfall tax

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Rishi Sunak has said he is “pragmatic” about the idea of introducing a windfall tax on energy companies, insisting “no options are off the table”, in the latest hint that the government may be preparing fresh measures...

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Sunak was reportedly blocked from raising some benefits to help them keep pace with spiralling inflation as a result of out-of-date government IT systems.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 ...

Sunak urged to issue green bonds with higher returns if climate goals missed

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Rishi Sunak is being urged to issue a new generation of green bonds that would offer higher returns to investors if the UK government fails to hit its climate change targets. The Social Market Foundation (SMF) said it...

Sunak would do well to retain option of windfall tax on oil and gas profits

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“We’re a cash machine at these types of prices,” Bernard Looney, BP’s chief executive, cheerfully declared last November when the price of a barrel of Brent fetched $85 (£60). Now a barrel costs $105, so it’s safe to ...

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...

Sunak cleared in investigation into family’s tax affairs

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Rishi Sunak has been cleared of breaching the ministerial code over his wife’s tax affairs, in a report by the cabinet’s ethics adviser, Lord Geidt. The chancellor asked the adviser on ministerial interests to look in...

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...

If Boris Johnson and Rishi Sunak took lie detector tests, what would they tell us?

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It’s a heady time in politics, when so much of our debate centres on what it means to lie. If Boris Johnson didn’t think he was at a party, yet others at the party did, is that a lie? If Rishi Sunak comes out studs fi...

Boris Johnson and Rishi Sunak fined for breaking lockdown laws

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Boris Johnson and Rishi Sunak are to receive fixed-penalty notices for breaking Covid laws after a police investigation into Downing Street parties during lockdown, leading to calls for them both to resign. In an unpr...

Sunak ‘completely out of touch’ on everyday struggles, says Starmer

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Keir Starmer has accused Rishi Sunak of “rank hypocrisy” and questioned the ability of super-rich politicians to relate to the public as No 10 came under pressure to reveal if any other ministers had used schemes to a...

Sunak faces calls to do more to tackle UK slowdown – much to his frustration

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What is the chancellor going to do when figures charting Britain’s economic growth in February show the recovery from the pandemic was almost at a standstill before the invasion of Ukraine had started? Shopping and ea...

Cost of living crisis: Rishi Sunak must at the very least raise UK benefits

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With or without a cost of living emergency the UK government looked vulnerable. A chancellor losing his once golden touch, a prime minister questioned by police about partying in lockdown. Boris Johnson’s party veers ...

Sunak orders investigation into leak revealing wife’s non-dom status

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Rishi Sunak has ordered an inquiry into who leaked details of his wife’s “non-dom” tax status to the media, raising concerns it could be a criminal offence. An investigation by the Treasury and Cabinet Office is under...

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