Who loves Rishi’s Budget?
You might think that a Conservative Chancellor of the Exchequer would regard his Budget as a success if it was enthusiastically welcomed by the Daily Telegraph. But a Chancellor always has other important audiences. How will they respond to Rishi Sunak’s Budget?
Spend now, pay later: Rishi Sunak's 2021 Budget
Rishi Sunak wants to be seen as Honest John Chancellor. So he was at pains to signal the big tax rises proposed for 2023-25 - an extra £8 billion a year in income tax and £17 billion a year in corporation tax.
No interest: what can you do?
Interest rates are low and the Bank of England has signalled that it expects them to stay low for at least the rest of this year. After NS&I cut its interest rates last autumn, the commercial banks swiftly followed with rate cuts of their own. Most instant access accounts now pay under 0.2% and even a 90-day notice account pays well under 1%.