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

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  • 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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    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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  • In This Story: Rishi Sunak

    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.

    Sunak experienced a meteoric rise, first to be selected for the “safest” Conservative seat in the UK, he would later become the UK Chancellor of the Exchequer in under five years.

    Brief Biography Here.

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