An emboldened Rishi Sunak gets ready to fight his own party over taxes
LONDON – British Prime Minister Rishi Sunak wants to use his deal with the European Union on Northern Ireland to cement a reputation for competence and delivery. Several members of his Cabinet are instead hoping it will mark a return to traditional Tory tax cutting.
A third, Business Secretary Kemi Badenoch, has privately indicated she wants to see the main rate cut, according to people briefed on those conversations. Yet he also knows that finding a way to start bringing down a record tax burden would help to win round his opponents on the right of the party and boost his chances of surviving a general election due in less than two years.
Even if he sticks to the increase in corporation tax, there is plenty that Mr Hunt can do for business which will please his Cabinet colleagues. In talks with the Treasury in the last few weeks, business lobbyists have proposed increasing the threshold at which firms pay the new 25 per cent top rate, taking smaller businesses out of the higher bracket. They have also discussed “vouchers” to drive investment in green industry.Labour’s massive lead
Party strategist Isaac Levido gave a presentation where he argued the next election was not yet lost as there are large numbers of voters yet to make a decision on whom to back, according to someone who was present.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Breaking silence, Boris Johnson says he would struggle to back new Brexit dealLONDON — Boris Johnson criticised Rishi Sunak's new post-Brexit deal with the European Union for Northern Ireland on Thursday (March 2), saying the prime minister had allowed the bloc to retain too much influence in the UK. Sunak struck a new deal on Monday to ease trade restrictions in the British-run province, partially unwinding an earlier arrangement by Johnson that...
Read more »
Evening Update: Today's headlines from The Straits Times on March 2Read more at straitstimes.com.
Read more »
Asian Insider: China’s Ukraine peace plan | Flashy officials, bewareRead more at straitstimes.com.
Read more »
Construction worker who fell from roof in Marsiling Lane is 6th workplace fatality of 2023Construction worker who fell from roof is 6th workplace fatality of 2023
Read more »
Evening Update: Today's headlines from The Straits Times on March 3Read more at straitstimes.com.
Read more »
Lawyer Jeannette Chong-Aruldoss: 'Cannot be' that Lee Kuan Yew didn't read the demolition clause in his last will - Singapore News'I hope no one saying that Mr Lee initialled this page where the clause appears without reading or understanding what was written on that page. That cannot be,' she said.
Read more »