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Evening Standard
Spring Statement 2022: What is Rishi Sunak’s tax plan?
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Business Live
Huge land deal paves the way for £100m green jet fuel investment into BA-backed Velocys plant
Green jet fuel developer Velocys has completed a major deal that could unlock a £100 million investment in its South Humber Bank plant. The AIM-listed sustainable aviation specialist has sold its consented site at Stallingborough to energy infrastructure investor Foresight Group for £9.75 million. It comes with a first refusal to invest big in the …
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Sky News
UK imposes sanctions on 65 more Russian oligarchs and businesses ‘fuelling Putin’s war machine’
The UK has imposed sanctions on 65 more Russian people and businesses aimed at cutting off “vital industries fuelling Putin’s war machine”, the foreign secretary said.Liz Truss announced the fresh sanctions, which include the Wagner Group of Russian mercenaries – believed to be tasked with assassinating Ukraine President Volodymyr Zelenskyy – and Alfa Bank, Russia’s …
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Sky News
‘I can’t solve every problem’: Rishi Sunak defends spring statement after criticism it fails to help the poorest
Rishi Sunak has defended his much-criticised spring statement, arguing that the UK is recovering from its biggest shock in 300 years and he is doing what he can.The chancellor said he knows families are struggling with the rising cost of living and that is “why I announced a tax plan which delivers the biggest net …
Business
Evening Standard
Spring Statement 2022: Rishi Sunak announces plan to cut basic rate of income tax by 2024
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Sky News
Chelsea sale adviser seeks binding commitments on future club spending
Bankers handling the sale of Chelsea FC are seeking binding commitments from bidders about future spending on the club and its stadium before deciding on a shortlist of contenders to succeed Roman Abramovich as its next owner.Sky News has learnt that Raine Group has sought assurances in the last 24 hours about prospective buyers’ funding …
Business
Evening Standard
Spring Statement 2022 LIVE: Rishi Sunak announces National Insurance threshold rise
Business
Sky News
What Rishi didn’t include in the spring statement is just as important as what he did
For years, there has been a big debate over whether National Insurance is merely income tax under another name.A lot of people wrongly assume NICs pay for their state pension, not realising in fact it is just another payroll tax. The big news in this spring statement was that Rishi Sunak appears to agree that …
Business
Sky News
Lloyds Banking Group to close 60 branches including Bank of Scotland and Halifax locations
Lloyds Banking Group has announced that it will shut 60 of its branches this year.The closures will include 24 Lloyds Bank sites, 19 Bank of Scotland locations and 17 Halifax branches. Vim Maru, group retail director of Lloyds Banking Group said: “Just like many other high street businesses, fewer customers are choosing to visit our …
Business
Evening Standard
Bank of England urged to use ‘distasteful medicine’ as inflation hits 6.2%
Business
Sky News
P&O ferries may have ‘broken the law’ in sacking 800 workers, PM says
Boris Johnson has said he believes P&O Ferries may have “broken the law” in sacking 800 workers.His comments came as the company’s chief executive issued an apology for the impact of the decision to sack the staff without notice. Peter Hebblethwaite said in a statement he understood the “anger and shock” about the loss of …
Business
Sky News
National insurance, tax and fuel duty cuts as chancellor aims to tackle cost of living crisis
Rishi Sunak has raised the national insurance threshold by £3,000 and announced a cut in fuel duty tax by 5p a litre in an attempt to ease the burden of the cost of living crisis.Unveiling his spring statement in the Commons, the chancellor announced that he is increasing the rate at which workers start paying …

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