CashNews.co LONDON (AP) — U.K. Treasury chief Rachel Reeves conceded Thursday that wages may rise by less than previously thought as a direct result of her budget decision to increase a tax that businesses pay for their employees. On Wednesday, Reeves raised taxes by around 40 billion pounds ($52 billion) and announced more government borrowing […]
CashNews.co The judgment on “secret” commission payments could have far-reaching implications for lenders, beyond those covered by an continuing investigation by the Financial Conduct Authority (FCA). The consumer champion Martin Lewis suggests the row “has the potential to shake up more than just car finance”. How did we get here? In January, the FCA launched […]
CashNews.co Government increases oil and gas industry headline tax rate by 3 percentage points to 78% and removes 29% investment allowance Chancellor of the Exchequer Rachel Reeves delivers her Autumn budget statement in the House of Commons in London on October 30, 2024.Photo: AFP/SCANPIX Published 30 October 2024, 13:45Updated 30 October 2024, 17:45 United Kingdom […]
CashNews.co Published : 12 hours agoon 30/10/2024 LONDON (Reuters) – Finance minister Rachel Reeves said on Wednesday she would raise employers’ social security contributions to 15% from April, a major revenue raiser for a budget the government hopes will kick-start moves to turn around a flagging economy. Britain’s Labour government has long said those with […]
CashNews.co Rachel Reeves announced additional funding of £1.5bn for Northern Ireland next year In her first Budget as Chancellor, Rachel Reeves announced additional funding of £1.5bn for Northern Ireland next year as a result of how money is distributed by the UK Government around the regions. But a budget of £40bn in tax rises brought […]
CashNews.co LONDON, Oct 30 (Reuters) – Britain will increase tax on the performance fees that private equity fund managers make from asset sales to 32% from a current 28%, a smaller rise than many buyout bosses had feared. UK finance minister Rachel Reeves said in her budget announcement on Wednesday that her government would increase […]
CashNews.co 1. State pensions will go up by 4.1% The chancellor confirmed that the triple lock on pensions will mean a 4.1% increase from April next year – increasing the full new state pension from £221.20 to £230.25 a week, or by £470.60 a year. The standard minimum guarantee for single pensioners will go up […]
CashNews.co Pensioners will be handed a state pension Triple Lock boost next April as part of the Budget announcements made by Rachel Reeves today – but millions won’t get the benefit of the money at all. Chancellor Rachel Reeves today announced that the government will stick to the Triple Lock promise and raise state pensions […]
CashNews.co If the government is to be believed, this is a budget to boost growth. But critics respond that any boost to growth will be short-lived image credit shutterstock UK businesses have been hit with a sharp rise in taxes in the first Labour Party budget for 14 years. The government has committed to fund […]
CashNews.co The nation’s gross domestic product (GDP) is projected to increase by 1.1 per cent in 2024 and by 2 per cent in 2025 read more Britain’s economy is expected to grow faster than previously predicted this year and next, the country’s Chancellor of the Exchequer, Rachel Reeves, announced on Wednesday (October 30) while delivering […]