Business
Boris Johnson celebrates Brexit Day with tax cut
Boris Johnson will hail “the dawn of a new era” for Britain as he celebrates Brexit day with a tax cut for 31 million people. In a broadcast to the nation at 11pm on Friday – the moment the UK finally breaks free of the EU – the Prime Minister will urge the country to look forward, not back, saying “this is not an end, but a beginning…a moment of real national renewal and change”.
Mr Johnson will hold a special Cabinet meeting on Friday morning in Sunderland, which was first to declare a Leave vote in the 2016 EU referendum, where he will tell ministers they must focus on delivering the benefits that come from Britain’s new found freedom from Brussels. To give workers the feeling of an immediate Brexit bounce, Mr Johnson approved an increase in the threshold at which workers start paying National Insurance from £8,628 to £9,500, resulting in a tax cut of £104 for a typical employee starting in April. Mr Johnson also received a boost from Mike Pompeo, the US Secretary of State, who said after meeting him in Downing Street that Britain would be “at the front of the line” for a transatlantic trade deal. In an interview with The Telegraph, Mr Pompeo said Britain and the US could raise the special relationship “one last level” and agree a “gold standard” trade agreement.
-
Economy23 hours agoWBG working with governments, private sector, regional partners, stakeholders to help solve Middle East war challenges challenges
-
News23 hours agoPower sector reforms attract $2bn investments – Adelabu
-
News23 hours agoDangote Refinery cautions stakeholders on IPO speculation
-
News23 hours agoAccount for N129.5bn disbursed for botched 2023 Census, BudgiT tackles NPC
-
Finance24 hours agoTotal capital importation rose in Q4 2025, says statistics bureau
-
Economy24 hours agoFG begins registration for training of 10m Nigerians on financial literacy
-
Oil and Gas24 hours agoDangote Refinery reduces petrol price to N1,200 per litre
-
Finance24 hours agoFirstBank empowers SMEs with AI-driven growth strategies, hosts SMEConnect webinar
