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Rishi Sunak says UK economy will recover earlier than expected, announces corporate tax hike from 2023

Rishi Sunak says UK economy will recover earlier than expected, announces corporate tax hike from 2023 Smriti Chaudhary © Smriti Chaudhary Rishi Sunak says UK economy will recover earlier than expected, announces corporate tax hike from 2023 UK Finance Minister Rishi Sunak has delivered what he hopes will be a last big spending splurge to get Britain’s economy through the COVID-19 crisis, and announced a corporate tax hike from 2023 as he began to focus on the huge hit to the public finances. Sunak said in an annual budget speech on March 3 that the economy would return to its pre-pandemic size in mid-2022, six months earlier than previously forecast, helped by Europe’s fastest coronavirus vaccination programme.

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Investegate |UK Debt Management Office Announcements | UK Debt Management Office: Issue of Debt

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UK to issue two green Gilts in 2021 as new £12bn infra bank confirmed

UK to issue two green Gilts in 2021 as new £12bn infra bank confirmed
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Sunak gives UK economy a new boost to see out COVID crisis, tax rises ahead

6 Min Read LONDON (Reuters) - Finance minister Rishi Sunak delivered what he hopes will be a last big spending splurge to get Britain’s economy through the COVID-19 crisis, and announced a corporate tax hike from 2023 as he began to focus on the huge hit to the public finances. Britain s Chancellor of the Exchequer Rishi Sunak holds the budget box as he poses with Chief Secretary to the Treasury Steve Barclay, Exchequer Secretary to the Treasury Kemi Badenoch, Financial Secretary to the Treasury Jesse Norman, Economic Secretary to the Treasury John Glen, Minister of State for Efficiency Theodore Agnew, PPS to Treasury Claire Coutinho, PPS to Chancellor James Cartledge, PPS to Chief Secretary Craig Williams and Government Whip and Lord Commissioner of HM Treasury David Rutley at 11 Downing Street, London, Britain, March 3, 2021. REUTERS/Toby Melville/Pool

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UK gilt issuance to be second-highest on record at almost 250 billion pounds: Reuters poll

4 Min Read LONDON (Reuters) - Britain is likely to sell nearly 250 billion pounds ($347 billion) of government bonds in the coming financial year - the second-highest total on record - to help power an economic recovery from the COVID-19 pandemic, a Reuters poll of dealers showed on Tuesday. FILE PHOTO: Wads of British Pound Sterling banknotes are stacked in piles at the Money Service Austria company s headquarters in Vienna, Austria, November 16, 2017. REUTERS/Leonhard Foeger/File Photo The survey of all 15 wholesale primary dealers, or banks tasked by the government with creating a market for its bonds, pointed to gilt issuance of about 247.2 billion pounds for the 2021/22 financial year starting in April.

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