• Today
    July 21

  • 10:14 PM

Johnson preparing Brexit budget

REUTERS,

Added 29 June 2019

boris-johnson

Britain's Former Foreign Secretary Boris Johnson waves as he leaves Downing Street in London, Britain. (FP/Reuters)

LONDON – Boris Johnson, the leading contender to replace British Prime Minister Theresa May, is preparing an emergency budget including aggressive tax cuts, an overhaul of stamp duty and an assault on regulation if there is a no-deal Brexit, The Times reported.

Johnson, 55, has cast himself as the only candidate who can deliver Brexit on October 31 – with or without a deal – while fighting off the electoral threats of Nigel Farage’s Brexit Party and socialist Jeremy Corbyn’s Labour.

His team wants a series of measures to ensure that the economy is “going gangbusters” by October 31, according to The Times.

The budget, which is usually held in October or November, is likely to be brought forward to September, the newspaper said.

Johnson is considering an overhaul of stamp duty, a “Trump-style” moratorium on all new regulations, and significantly raising the threshold for the annual investment allowance above a million pounds. (Reuters)

JOIN THE DISCUSSION

Dos and Donts


Welcome to our discussion forum here on nationnews.com. We encourage lively debate, but we also urge you to take note of the following:

  • Stay on topic – This helps keep the thread focused on the discussion at hand. If you would like to discuss another topic, look for a relevant article.
  • Be respectful – Meeting differences of opinion with civil discussion encourages multiple perspectives and a positive commenting environment.
  • Do not type in capitals – In addition to being considered “shouting” it is also difficult to read.
  • All comments will be moderated – Given the volume of comments each day, this may take some time. So please be patient.
  • We reserve the right to remove comments – Comments that we find to be abusive, spam, libellous, hateful, off-topic or harassing may be removed.
  • Reproduction of comments – Some of your comments may be reproduced on the website or in our daily newspapers. We will use the handle, not your email address.
  • Do not advertise – Please contact our Advertising Department.
  • Contact our Online Editor if you have questions or concerns.
  • Read our full Commenting Policy and Terms of Use.
comments powered by Disqus

POLL

Do you think the police have control over the crime situation in the country?

Yes
No

FRONT COVER OF TODAY'S NEWSPAPER

CARTOON

INSTAGRAM