Coutts, the bank to rely on in a Covid crisis – if you're seriously wealthy

The Queen’s bank pulled out all the stops to rescue clients stranded abroad, while moving its elite services online Coronavirus – latest updates See all our coronavirus coverage Workers at Coutts, the private banking division of NatWest, are used to booking lavish parties and vacations for their millionaire clients. But once Covid struck, the […]

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'Red wall' Tory MPs urge Sunak to cut business rates for shops

Northern MPs tell chancellor his budget should protect high street and tax online retailers such as Amazon Rishi Sunak is under increasing pressure from Conservative “red wall” MPs to go beyond existing support for the UK economy in Wednesday’s budget and cut taxes for thousands of retailers. MPs across the political spectrum are increasingly […]

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Why Sunak should put an end to England's stamp duty holiday romance | David Mitchell

The tax break on house purchases saw prices rise by 8.5% – but is it really the best way to address the housing shortage? Reports last week that the stamp duty holiday in England and Northern Ireland is to be extended were met with unsurprisingly little consternation, surprisingly. I mean that I wasn’t surprised […]

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Fintech firms want to keep their golden shares. London may be forced to agree

Watering-down stock market rules might sound outrageous, but the success of these companies matters to the market Financial technology, or fintech, firms like to present themselves collectively as the very model of a 21st-century industry: slick, disruptive, growing rapidly and vital for national prosperity. That self-image was endorsed on Friday by Ron Kalifa, former […]

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Austerity is alive and well, and giving public services a kicking | Phillip Inman

Rishi Sunak rejects comparisons between himself and George Osborne. But the view from local government is very different There are plenty of ways to measure austerity. Before, during and after the budget this week, voters will hear Rishi Sunak herald the end of tight spending as the government builds a bridge from the pandemic […]

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Out of office: what the homeworking revolution means for our cities

Employees’ reluctance to return to full-time commuting after a year of Covid means change is afoot for companies Susanna* has spent most of lockdown in back-to-back Zoom meetings. It is a major change for the senior banker, who used to commute to London from her home in rural Lincolnshire and regularly travelled across the […]

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Sunak's budget expected to offer first-time buyers mortgage guarantee

Treasury says low-deposit mortgages have virtually disappeared since 2008 financial crisis The chancellor is expected to unveil a mortgage guarantee scheme that aims to help first-time buyers get their foot on the property ladder in next week’s budget. Rishi Sunak is attempting to incentivise lenders to provide mortgages to first-time buyers, along with current […]

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