UK markets close in 7 hours 39 minutes
  • FTSE 100

    5,862.29
    -26.93 (-0.46%)
     
  • FTSE 250

    17,880.48
    -48.72 (-0.27%)
     
  • AIM

    973.87
    +0.93 (+0.10%)
     
  • GBP/EUR

    1.0981
    +0.0037 (+0.34%)
     
  • GBP/USD

    1.3018
    +0.0071 (+0.55%)
     
  • BTC-GBP

    9,350.15
    +815.81 (+9.56%)
     
  • CMC Crypto 200

    244.64
    +5.72 (+2.39%)
     
  • S&P 500

    3,443.12
    +16.20 (+0.47%)
     
  • DOW

    28,308.79
    +113.37 (+0.40%)
     
  • CRUDE OIL

    41.25
    -0.45 (-1.08%)
     
  • GOLD FUTURES

    1,922.40
    +7.00 (+0.37%)
     
  • NIKKEI 225

    23,639.46
    +72.42 (+0.31%)
     
  • HANG SENG

    24,791.10
    +221.56 (+0.90%)
     
  • DAX

    12,704.14
    -32.81 (-0.26%)
     
  • CAC 40

    4,920.52
    -8.76 (-0.18%)
     

Sunak to extend tax cut for hospitality and tourism - Times

Britain's Chancellor of the Exchequer Rishi Sunak visits Peak Scientific, a Scottish manufacturer of gas generators for analytical laboratories in Glasgow
Britain's Chancellor of the Exchequer Rishi Sunak visits Peak Scientific, a Scottish manufacturer of gas generators for analytical laboratories in Glasgow

LONDON (Reuters) - British finance minister Rishi Sunak will announce an extension of the VAT sales tax cut for the hospitality and tourism industry through to the end of March, the Times newspaper reported on Thursday.

Sunak will also extend the life of the coronavirus business loan schemes until November and increase the term of the loans from six to ten years, the newspaper said.

(Reporting by Andy Bruce, Editing by Paul Sandle)