Former Labour chancellor Alistair Darling dies aged 70

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Alistair Darling has died after a short illness aged 70, his family has confirmed. Darling served as Chancellor in Gordon Brown’s government after Tony Blair stood down as Prime Minister. He later led the victorious Better Together campaign in the 2014 independence referendum, … Read more

Britain’s most unjust tax – Telegraph readers deliver their verdict

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Despite a vast number of readers agreeing that stamp duty is the unfairest tax, IHT still comes out on top for reasons which our readers go on to explain.  Many, for example, warn how easy it is under the current system for the … Read more

Jeremy Hunt: Tax cuts are virtually impossible

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE So far, inflation has slowed to 6.7 per cent last month, down from last October’s high of 11.1 per cent.  High inflation has raked in extra tax revenue for the Chancellor, but higher borrowing costs have also pushed up Government spending on the … Read more

How much will the triple lock increase my state pension, and is it under threat?

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Experts have warned uncertainty still lies ahead for future retirees. Plans are already in place to increase the state pension age to 68 between 2044 and 2046 for those born on or after April 1977.  Increasing the state pension age is a seemingly … Read more

How much will the triple lock increase my state pension, and is it under threat?

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Experts have warned uncertainty still lies ahead for future retirees. Plans are already in place to increase the state pension age to 68 between 2044 and 2046 for those born on or after April 1977.  Increasing the state pension age is a seemingly … Read more

Hunt faces calls to cut taxes after borrowing boost for Treasury

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE This was £1.9bn more than the £9.9bn predicted by the tax and spending watchdog in March. July is usually a bumper month for tax receipts as millions of self-employed workers make their second payment of the year to HMRC. The ONS said higher … Read more

Britain’s most unjust tax – Telegraph readers deliver their verdict

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Despite a vast number of readers agreeing that stamp duty is the unfairest tax, IHT still comes out on top for reasons which our readers go on to explain.  Many, for example, warn how easy it is under the current system for the … Read more

Banks aren’t the real enemy of savers – the taxman is

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Influential think-tanks ominously floated the idea of capping total Isa contributions earlier this year.  The Resolution Foundation argued tax-free savings should be limited to £100,000 to stop wealthy families benefiting from what it described as “costly and unnecessary” tax breaks. You can be sure … Read more

Tens of thousands more families to be dragged into paying inheritance tax

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The thresholds are meant to go up in line with inflation every year, but successive chancellors have chosen to freeze them at their 2021 level to raise cash. Doing so means that rising house prices, plus growth in the value of assets and … Read more

Britain’s ‘ever-expanding’ system of tax reliefs should be overhauled, MPs say

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Contributing to the report, The Institute for Government, a think tank, said the UK “falls well short of international best practice in evaluating its tax reliefs, even though the cost of reliefs in the UK is among the highest”. The MPs recommended the … Read more

Taxpayers will receive an allowance from the royal family’s wind farm profits

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The latest cut follows a review of the royal finances by the royal trustees, Rishi Sunak, the prime minister, Jeremy Hunt, the chancellor, and Sir Michael Stevens, the keeper of the privy purse. The Treasury said: “Cutting the rate to 12 per cent … Read more

Hunt promises to boost pensions by £1,000 a year in a wave of post-Brexit reforms

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Mr Hunt said: “British pensioners should benefit from Britain’s business success. By unlocking investment, we will increase pension income by more than £1,000 a year for the average income earner over their career. “It also means more investment in our most promising businesses, … Read more

The Ministry of Finance is planning a new ‘Tell Sid’ campaign to attract savers to the stock market

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Andrew Griffith, Chancellor of the Exchequer, said “wider share ownership is good for savers, good for the economy and good for society.” “Increasing individual stock ownership also means changing culture, risk attitudes and supporting individual responsibility.” The ad campaign was proposed by the … Read more

Wine makers weaken drinks to avoid new tax hikes

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Wine producers are making weaker drinks to keep prices down tax increase advance. Australian Vintage, which makes the McGuigan brand, has already reduced the alcohol by volume (ABV) in some products ahead of the increased duty, which comes into effect on August 1. … Read more

A simple solution that could save thousands of middle-class families inheritance tax

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Many say the introduction of the nil-rated residential band has increased confusion for taxpayers. Shaun Moore, of investment firm Quilter, said: “Although it was introduced with the aim of making more estates exempt from inheritance tax, in practice its use has often been … Read more

Rishi Sunak wants a 2p tax cut before the next general election

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Rishi Sunak wants to cut National Insurance or Income Tax by up to 2p before next year’s general election and go on campaign “promising to do more”, The Telegraph understands. Officials are investigating the impact and likely duration of current inflation levels after … Read more

Sunak launched the biggest tax raid in 44 years, with one in five paying a higher rate

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The IFS has warned that the freeze will “disincentivize work” and push hundreds of thousands of teachers, nurses and electricians into a higher tax bracket for the first time, adding to the livelihood challenge many workers face. Households are facing a record drop … Read more

How to know if you’re paying 60%, 70% or even 100% tax

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Basic rate taxpayers face losing more than two-thirds of their income to hidden taxes – and rates will only get worse as the bands remain frozen until 2027-28. There are three levels of income tax in the UK: Basic, 20 pcs each Higher, … Read more

Revealed: A little-known IHT loophole that saved 400 families £70m

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Sean McCann, of financial advisory firm NFU Mutual, said: “Gifts outside normal expenditure are one of the most powerful but least known exemptions. By allowing you to distribute excess income immediately without IHT, it can help prevent your inheritance tax liability from increasing … Read more

Families caught out by inheritance tax hit 20-year high

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE It was previously frozen until 2025-26 by Rishi Sunak when he was Chancellor, but Jeremy Hunt extended the freeze by 2028 in his autumn statement last year. The move was part of a wider tax scramble to rebalance the books after Liz Truss … Read more

Only £10m of £2.2bn in fraudulent Covid loans recovered

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The business department recovered just £10 million of the £2.2 billion of taxpayers’ money lost in a black hole of fraud and error surrounding Covid support schemes, according to the government’s spending watchdog. The ministry’s “laissez-faire” approach has put public money at risk … Read more

HMRC recovers £700m in inheritance tax

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Many people choose to make lifetime gifts to bring their assets below the £325,000 ‘nil rate band’, below which no IHT is owed. On death, tax is charged up to 40% on anything above that. As death benefit tax rises, more families are … Read more

The Treasury is under fire for advertising the post of head of cyber security with a “peanut” salary

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Mr Martin said: “We need a grown-up conversation about this. Why do deeply expert technical people work for the Singapore government? Because it pays them really well.” Mid-level civil servants are paid an average of £55,720 in Singapore and £30,110 in the UK. … Read more

How much will the triple lock increase my state pension and is it at risk?

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Experts warn that uncertainty still awaits future retirees. Mr Hunt said the government would announce a review of the state pension age earlier this year as expectations grew that it could rise to 70 earlier than expected. Plans are already in place to … Read more

Freelancers are being “ignored” in the workforce expansion budget

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Self-employed numbers are plummeting, but Jeremy Hunt has done nothing to help freelancers with theirs A budget designed to get more people to work on Wednesday, said the critics. The chancellor’s decision to press ahead with a rise in corporation tax from 19 … Read more

What Jeremy Hunt’s tax revolution means for you

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE A pension gap that allows for significant tax savings Another complicated rule known as the “money purchase annual allowance” will also change. This limits how much you can contribute tax-free to your pension each year if you’ve already withdrawn money from your retirement … Read more

Budget rebellion as Jeremy Hunt pushes ahead with ‘debilitating’ rise in corporation tax

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Mr. Hunt will say, “Fall me made difficult decisions to ensure stability and good money. Today we’re introducing the next part of our plan – the budget for growth. “Not just growth due to coming out of recession. But long-term, sustainable, healthy growth … Read more

How the tax-hungry Tories created the early retirement pensions crisis

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Wringing the annual allowance The annual allowance is the amount you can save tax-free into your pension fund each year. This includes own contributions, employer contributions and tax credits. In recent years, the limit has been steadily decreasing. Today it is capped at … Read more

Due to tax threats, the number of new non-residents plummets

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The number of new non-home in Britain has fallen 40 percent in a year as the threat of a tax crackdown on foreign nationals begins to alienate entrepreneurs. The number of new applications for foreign tax status fell from 14,200 to 8,500 in … Read more

Seven Big Tax Filing Mistakes to Avoid

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The Christmas and New Year holidays are a surprisingly busy time for tax returns. Anyone required to file a return for the 2021-2022 tax year must file it by January 31, 2023 to avoid late payment penalties. Last year, more than 12 million … Read more

More than 3,000 people file their tax return on Christmas Day

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE More than 3,000 people filed their self-assessment tax returns on Christmas Day this year, perhaps taking advantage of the lull after the King’s speech and before a tense family game of Monopoly. As families across the country gathered to celebrate the festive period, … Read more

Triple lock means pensioners will pay income tax on state pension until 2030

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Canada Life’s Andrew Tully said: “The frozen personal allowance and income tax thresholds are a hidden tax that will potentially push millions of retirees into paying income tax for the first time or paying a higher rate of tax when they previously had … Read more

10 ways to beat the Chancellor’s Autumn Tax Statement

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Keeping your finances in tip-top shape has never been more important, and households who act early can keep more of their hard-earned money safe from the tax authorities. Here we look at ways to protect yourself from impending attack. 1. As safe as … Read more

Household accounts are growing at the fastest rate since the 1950s

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The new peak is the latest sign of a bleak winter facing households, with the chancellor promising to help control inflation by raising taxes and cutting spending. Thursday’s Fall Statement. Jeremy Hunt blamed the new surge in inflation on “the aftershock of Covid … Read more

The new top rate of tax could cost the highest earners thousands of pounds

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE An the increase in the top rate of income tax under consideration by Jeremy Hunt would cost the country’s highest earners thousands of pounds. The chancellor is said to be considering several proposals to raise taxes on high earners – one of which … Read more

France must do more to tackle the migrant crisis, says a cabinet minister

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE France must “do more” to tackle the migrant crisis crossing the English Channel, a cabinet minister has said. Mark Harper, the transport minister, said France was “already doing a lot” but could step up its efforts, as he also argued the UK “could … Read more

The NHS is asking for an extra £7bn as Rishi Sunak says health service spending will be a priority

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The number of cancer patients waiting more than two months for treatment has doubled since the pandemic, while public satisfaction with the services of a personal physician is the lowest on record. In return for “protecting” its budget, NHS England will be told … Read more

Public sector workers’ wages will increase by two percent

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Public sector workers could receive just a two per cent pay rise in 2023-24 as the government tries to plug a £35m “fiscal black hole” in public finances. The pay rise will be a real-terms cut for nurses, teachers, police officers and soldiers, … Read more

As Rishi Sunak prepares for the ‘difficult’ journey ahead, taxes go up big for everyone

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE On Monday, the Treasury said those with the broadest shoulders should bear the brunt, but it was “inevitable” that everyone would have to contribute more tax in the coming years given the “magnitude” of the challenge. “It’s going to be rough,” the source … Read more

The State Pension will rise to a record £203.85 a week – but only if the government keeps the triple lock

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The triple lock was first broken by former chancellor Rishi Sunak in September last yearafter a big pay rise following the end of pandemic restrictions. The state pension was due to rise by 8.1 per cent in April 2022, but the Treasury has … Read more

“Inheritance tax must be abolished,” says the finance minister

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The government should abolish inheritance taxthe finance minister told the Conservatives this week. Andrew Griffith, a city minister working under Chancellor Kwasi Kwarteng, said the death levy would be his top choice of taxes to drop. Speaking at a Center for Policy Studies … Read more

Kwasi Kwarteng: I promise to keep my spending under control

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Mr Kwarteng’s vow to stick to measures that may not be popular with everyone will be seen as a sign that he will not reverse the abolition of the 45 per cent top rate of income tax. On Friday, the Treasury resisted Tory … Read more

Pound’s best week since 2020 as market recovers from mini-budget collapse

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Overall, the pound is still down from $1.35 at the start of the year, but the recovery over the past week means it is now more in line with other global currencies, which have also fallen against the dollar. This has largely caused … Read more

A £7 billion ‘invisible’ tax costs households twice as much as inheritance tax

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE HMRC has doubled its tax on a levy many people don’t even know they’re paying, analysis has revealed. Insurance premium tax (IPT) costs have topped £7bn for the first time this year, according to UHY Hacker Young. The accountancy firm’s calculations show that … Read more

Kwarteng wants to remove the cap on bankers’ bonuses

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Kwasi Kwarteng is considering scrapping the bank bonus cap to reach the city more competitive globally. The chancellor is understood to believe the initiative would attract top talent to Britain amid a struggle to improve London’s position compared to other financial centers such … Read more

90 pieces of ‘patriotic gifts’ fall into the state coffers

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Taxpayer gifts to the national treasury have fallen sharply over the past five years as the general public has grown disillusioned with high taxes and excessive government spending. A freedom of information request by The Telegraph revealed that the Treasury received £16,122 in … Read more

Running landlords fear record high fuel taxes regulations

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Tax experts also blamed the rise on a report by the Office for Tax Simplification, published in November 2020, which recommended the government align CGT rates with income tax to generate an extra £14bn a year for the Exchequer. The proposal, which was … Read more

Liz Truss plans Thatcher’s Treasury shake-up

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE It is understood the Truss government would seek to end the Number 10/Number 11 joint venture founded by Dominic Cummings because he does not believe that it has led to effective economic policy making. Ms Truss plans to work closely with her chancellor … Read more

The implementation of the heat pump is questionable, as only a small proportion apply for grants

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Meanwhile, green campaigners have also criticized the government’s scheme for not being ambitious enough. Greenpeace previously said the rollout suffered from “inadequate funding” and should be accompanied by a pledge to phase out new gas boilers sooner than the current target is 2035. … Read more

Liz Truss is attacking our economic institutions at the peril of the country

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE As far as I know, she has not yet called for the Bank of England to be stripped of its independence, but supporters complain that the organization is riddled with residual pessimism and has failed to do its job in controlling inflation, which … Read more

Rishi Sunak accuses Liz Truss of ‘rolling out the red carpet’ for China

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE They also said that Mr. Sunak “soft” on China, pointing out that just last year in his Mansion House speech, he said: “Too often the discussion with China lacks nuance. It is one of the most important economies in the world… We can … Read more

A stealth tax rip-off costs a family an extra £57,000 of their inheritance

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Overall, the death benefit will take in an extra £2.3bn this tax year, with benefits jumping by a third to £8.3bn, according to forecasts from the Office for Budget Responsibility. The Wealth Club’s Alex Davies said the “nil rate band” has remained at … Read more

Treasury accused of wiping out £5bn of state pension savings

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The Treasury has been accused of pocketing £5 billion from a rise in the state pension age that should have been used to help struggling older workers. A report by think tank Phoenix Insights on Wednesday said the government was clinging to the … Read more

How Rishi Sunak failed to live up to the legacy of his tax-cutting hero

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE He said: “His reforms have certainly benefited those on low incomes. But you can also see why the backbench Tories were so worried about the government’s tax policy – raising taxes on employers and higher earners is not exactly Conservative orthodoxy.’ Sajid Javid, … Read more

I am “determined” to cut taxes, says new chancellor Nadhim Zahawi

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE He said: “We have just come out of the equivalent of a world war. We need to restore the economy and return to growth.” Mr Zahawi said the government should be careful about raising public sector wages, which he warned could lead to … Read more

A covert tax raid is forcing two million people into higher groups

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Nearly two million workers have now been drawn into the higher-income income class since the Conservatives won the election. The number of workers paying 40% or 45% tax has risen today from 4.25 million to more than 6.1 million, according to HM revenue … Read more

‘I can’t afford my bills because British Gas owes me £ 2,500’

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Has the company treated you unfairly? Our Consumer Champion is available to help. Click to contact her here. Dear Katie, In March, I switched energy supplier to British Gas. A credit of £ 2491 was transferred from my previous supplier. Since then, I … Read more

Pensions increase by £ 1,000 when the “triple lock” returns.

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The Ministry of Finance has promised to restore it “triple lock” of pensions next year, putting retirees next year in line to double-digit increase their incomes. Retirees could be in line for a nearly £ 1,000 increase in their annual income after the … Read more

We must not bow to the demands of strikers for higher wages, warns the Ministry of Finance

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Local authorities have already begun to succumb to union pressure, with workers in Sussex receiving a 24 to 27 per cent pay rise, Croydon workers 8.5 per cent and a one-off £ 750 bonus, and Rugby County Council providing a 12 per cent … Read more

Big entrepreneurs are warning Rishi Sunak to tackle taxes before a recession strikes

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Rishi Sunak must now cut taxes on businesses to save the economy from recession, the Confederation of British Industry has warned, as the cost of living crisis drives recovery from Covid. The chancellor promised that “we will set a series of tax cuts … Read more

Tories at war over calls for immediate tax cuts to tackle cost of living crisis

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE On Thursday, Mr Johnson insisted that “the total burden of taxation is now very high – sooner or later and I would much rather have it sooner than later, this burden must be reduced”. Another source familiar with Mr Sunak’s thinking said of … Read more

Make Jeremy Hunt Chancellor, they call on Boris Johnson

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Mr Hunt, an MP for South West Surrey, has already served as Secretary of Health, Minister for Culture and Secretary of State. An offer to become chancellor, another major state function, could lure him into government. He is in a higher position than … Read more

One million to pay 60% income tax in a few years

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE This means that someone earning around £ 75,000 today would fall into a 60 per cent tax trap before 2027, while anyone earning £ 81,000 would see his earnings exceed the threshold in four years. Someone with £ 90,000 a year would fall … Read more

The Tories are now a high-spending party, says Rishi Sunak

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Think tanks found that the measures represented an interventionist approach that was more work-related. Mark Littlewood, director general of the Institute of Economic Affairs, said Ms Reeves was right to call the package “Labor’s political victory”. Paul Johnson, director of the Institute for … Read more

The tax attack is helping Rishi Sunak raise an additional £ 10 billion in April

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE According to the Office for National Statistics, the Treasury received £ 70.2 billion in revenue, up £ 9.9 billion from a year earlier, while central government spending fell £ 4.1 billion to £ 88.8 billion. Paul Dales of Capital Economics said it would … Read more

Huge inflation has peaked in 40 years

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The measure of inflation of the older retail price index, the July reading of which will be used to determine the increase in the price of railway season tickets, increased by 11.1 percent. The pressure on low-income families is growing especially. Rising prices … Read more

Work longer hours or move to a better job to tackle the cost of living crisis, says minister

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE People struggling with the cost of living should work more hours or move to a better paid job, the government minister said. Rachel Maclean, the defense minister, acknowledged that the idea would not work for all households, but said these are some ways … Read more

Rishi Sunak will legalize ‘stable coins’ despite breaking the cryptocurrency

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The Treasury is continuing plans to legalize cryptocurrencies known as “stablecoins” as a form of payment in the UK, despite a market crash this week. The department said it would include plans to regulate stable coins as a payment mechanism in financial legislation … Read more

Unexpected blackmail is not the answer

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE It became a famous spectacle. No 10 floats dear new policy. The Treasury says it will have to be paid for. This time, Boris Johnson is said to want tax cuts as soon as possible to avoid pressure on the cost of living. … Read more

The recession is threatening after the British economy contracted in March

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Information and communication services joined retail in March, with financial and insurance activities also slightly lower in February than in February. However, personal services increased while health care grew by 2.1 percent per month, with the return of more doctor visits and nursing … Read more

Unexpected threats will not solve the energy crisis

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE If Rishi Sunak really became a turn into unexpected taxes with regard to energy companies, his position does not seem to be very logical. In an interview with the Mumsnet website, the chancellor said he would consider the policy if companies do not … Read more

The real solution to the cost of living is to reduce taxes

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The Prime Minister asked his cabinet colleagues to come up with ideas to alleviate the life crisis, which is beginning to seriously affect household budgets. The high energy price rising food prices will soon join in as the effects of the war in … Read more

Rishi Sunak under pressure from the government to cut taxes

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Jacob Rees-Mogg, Minister for Brexit Opportunities, also reportedly expressed broad support for the comments. Spokesmen for both ministers declined to comment. The figures in the room insisted there were no quarrels, and the meeting was discursive as ministers proposed ideas to reduce the … Read more

Tuesday night briefing for British journalists: Russia could target British diplomats returning to Kyiv

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Russia said that would “like to avoid” mediation in Transnistria after the pro-Russian separatist region of Moldova reported a second unexplained attack on its infrastructure just miles from Ukraine’s border. As a worrying sign for the Moldovan separatist enclave, which hosts Russian troops … Read more

Net zero strategy: key policies in the government’s ambitious plan to make them more sustainable

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE However, after the failure, the government did not provide any additional measures to support energy efficiency measures for homeowners Grant Green Homes last year. A more cautious approach to hydrogen for home heating has emerged in the strategy, although from 2026, all new … Read more

The United Kingdom is the only G7 country to cut aid during the Covid pandemic

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The United Kingdom was the only G7 country to cut aid in the last two years, despite a pandemic, growing destruction caused by climate change and growing conflict. While Britain cut aid, an analysis released by the Organization for Economic Co-operation and Development … Read more

NatWest is back under private control for the first time since rescuing taxpayers

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The government has reduced its stake in NatWest to less than 50 percent, making the bank majority privately owned for the first time since it was nationalized in the financial crisis. The lender, formerly known as the Royal Bank of Scotland, has announced … Read more

A record blow to disposable income due to rising taxes and rising inflation

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Clothing and other articles Women feel the most pressure on the main street as the prices of their clothes grow faster. While headline inflation rose to 8.8 percent, women’s clothing prices jumped 12 percent, the ONS reported. Footwear costs rose 9.1 percent and … Read more

Rishi Sunak’s triple tax increase is expected to cost each adult £ 1,000 a year extra.

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Raising taxes will cost people an extra £ 1,000 a year, an analysis showed, as Rishi Sunak promised additional help for families in need in a spring statement Wednesday. An analysis by the Institute for Fiscal Studies (IFS) in a new blow to … Read more

National Insurance Tax Calculator: How much more will you pay when it increases in April

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE How much does state insurance go up in April? From April 2022, employees, the self-employed and businesses will pay more, and those with the highest incomes will pay the most, with someone with an annual income of £ 150,000 paying £ 1,755 more … Read more

National insurance tax calculator: how much more will you pay when it rises in April

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE However, the move will violate a key promise by the Tory Manifesto not to raise taxes on income, NI or VAT, and is linked to a five-year freeze on NI thresholds, as well as personal income tax relief announced in the budget last … Read more

Regardless of debt – the Ukrainian crisis requires lower taxes and higher spending

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Domestic energy bills are expected to jump as early as April, bringing headline inflation above 7 percent. But the Ofgem cap, despite all its flaws, will protect most households from any further increases, at least until October. There will still be some short-term … Read more

National Insurance Tax Calculator: How much more will you pay when it increases in April

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE However, the move will violate a key promise by the Tory Manifesto not to raise taxes on income, NI or VAT, and is linked to a five-year freeze on NI thresholds, as well as personal income tax relief announced in the budget last … Read more

NS&I doubles the interest rate on a controversial “green” savings account

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE NS&I said average fixed interest rates have risen the wider savings market since the launch of its green bond last October and wanted to offer a a “new level of competition” for savers. But experts have suggested that the government-backed bank has had … Read more

Six North Sea oil and gas fields set to ignite in the midst of a cabinet dispute over net zero

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Six oil and gas areaswhich have already been previously licensed by ministers, the British oil and gas regulator is expected to approve the start of construction of a platform in the North Sea. Despite calls for everything domestic fossil fuel extraction to stop … Read more

Net zero strategy: key policies in an ambitious government plan

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE However, after the failure, the government did not provide any additional measures to support energy efficiency measures for homeowners Grant Green Homes last year. A more cautious approach to hydrogen for home heating has emerged in the strategy, although from 2026, all new … Read more

The tax gap for work at home will be closed after the state coffers cost £ 500 million

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Tory MP Kevin Hollinrake, a member of the Commons Treasury committee, said: “It is often in people’s financial and personal interests to work from home, so it doesn’t seem appropriate to have a tax credit for those who choose to work from home. … Read more

National insurance tax calculator: how much more will you pay when it rises in April

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE However, the move will violate a key promise by the Tory Manifesto not to raise taxes on income, NI or VAT, and is linked to a five-year freeze on NI thresholds, as well as personal income tax relief announced in the budget last … Read more

New Rishi Sunak Covid grant for catering companies – who is eligible and how to apply

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Pubs, restaurants and leisure companies will be eligible for one-off grants of up to £ 6,000 in a new package of measures announced by the Ministry of Finance. This happens when companies across the UK struggle with reduced visits during the month that … Read more

Rishi Sunak offers £ 1 billion to help Covid-affected bars and restaurants

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Pubs, restaurants and leisure businesses affected by the Omicron loss will be eligible for a one-off grant of up to £ 6,000 in a £ 1 billion Christmas aid package announced by Rishi Sunak. The chancellor said about 200,000 catering and leisure businesses … Read more

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