Business Standard

UK set for best economic growth since 1973, says Rishi Sunak

The UK government confirmed it will tax the country's largest property firms to help replace unsafe cladding in apartments that's left thousands of people in potentially dangerous homes

Sunak said the government will levy a 4 per cent tax on developers’ profits that exceed $34 million, in his budget speech.
Premium

Sunak said the government will levy a 4 per cent tax on developers’ profits that exceed $34 million, in his budget speech.

Reuters
Chancellor of the Exchequer Rishi Sunak said the UK is on course to post the fastest gro­wth rate since 1973 this year as he started delivering a budget he said will help the nation bounce back from the pandemic.
 
Britain’s economy, which contracted almost 10 per cent last year, is set to grow 6.5  in 2021, according to a forecast from the independent Office for Budget Responsibility. That’s compared with a previous prediction of 4 per cent, and marks the biggest upgrade since at least the 1980s. 
 
The UK government confirmed it will tax the country’s largest property firms to

Disclaimer: No Business Standard Journalist was involved in creation of this content

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in