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Hot Off The Wires - 4th March 2021

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  • Rishi Sunak will raise taxes to the highest level since the 1960s as he attempts to repair Britain’s finances; from 2023 corporation tax would rise from 19% to 25% for the most profitable companies.

  • Vauxhall’s Ellesmere Port factory will close with the loss of thousands of jobs unless it gets support from British taxpayers, the boss of the car maker has warned.

  • Britain’s economic growth will accelerate next year at the fastest rate since official records began as the economy rebounds by 7.3%, according to the government’s independent economic forecaster.

  • Amazon looks set to emerge as a key beneficiary of Britain's new tax "super-deduction" thanks to a major ramping up of its UK warehouse footprint, even as the Government wrangles with how to get Big Tech to pay more tax.

  • Las Vegas Sands has agreed to sell the operations and real estate of marquee resort and casino the Venetian for $6.25 billion.


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