What’s Rishi Sunak’s ‘super deduction’ all about?

Sky News published this video item, entitled “What’s Rishi Sunak’s ‘super deduction’ all about?” – below is their description.

The Bank of England has forecast the strongest economic recovery since World War II.

Meanwhile, Rishi Sunak’s so-called “super deduction” where 130% of new investment can be written off against tax could help aid that recovery.

However, some feel Mr Sunak’s deduction may not be so “super” after all as Sky’s Ed Conway explains.

Sky News YouTube Channel

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About This Source - Sky News

Sky News is a British free-to-air television news channel and organisation. Sky News is distributed via a radio news service, and through online channels. It is owned by Sky Group, a division of Comcast. John Ryley is the head of Sky News, a role he has held since June 2006.

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The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government’s banker, and still one of the bankers for the Government of the United Kingdom, it is the world’s eighth-oldest bank.

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Rish Sunak is a British Conservative Party MP, who was originally elected as a Member of Parliament in the Richmond (Yorks) constituency in 2015.

His father-in-law is billionaire founder of Indian IT giant, Infosys, NR Narayana Murthy.

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Brief Biography Here.

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World War II or the Second World War, often abbreviated as WWII or WW2, was a global war that lasted from 1939 to 1945. It involved the vast majority of the world’s countries—including all of the great powers—forming two opposing military alliances: the Allies and the Axis powers.

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