7 h. ago New call to cut income tax rate in half for people earning under £50,000

An online petition is also urging the UK Government to increase the Personal Allowance to £15,000.

Economics

4 d. ago Reeves promised oil industry ‘quid pro quo’ over windfall tax in private meeting

Government accused of making ‘secret exchange deal’ with fossil fuel companies to compensate for tax hikeThe chancellor, Rachel Reeves, told a fossil fuel company the industry would receive a “quid pro quo” in return for higher taxes on its windfall profits, it can be revealed.In a meeting with the Norwegian state energy company Equinor on 27 August, Reeves suggested that the government’s carbon capture, usage and storage (CCUS) subsidies were a payoff for oil firms being hit with a higher tax rate. Continue reading...

Economics

7 d. ago People with second jobs who earn more than £1,000 urged to contact HMRC

Earning extra income could well mean that you need to speak to the officials at HM Revenue and Customs

Economics

1 week ago Increase summer income and cut costs by checking for unclaimed benefits or discounts

The Department for Work and Pensions has confirmed that there will be no more one-off payments to help people cope with the cost of living crisis in 2025

Politics

1 week ago 'Sheer incompetence': John Swinney urged to cut taxes amid £1.1bn economic performance gap

The Scottish Conservatives say the First Minister should cut taxes following the Chancellor’s spending review.

Economics

1 week ago Tuna, beans, Spam: Trump’s tariffs threaten the canned foods millions rely on to survive

The US president vowed to cut food costs, but experts warn metal tariffs may raise prices in a matter of monthsCanned foods make up a big part of 20-year-old Cale Johnson’s diet: tuna, corned beef hash, beans, chicken soup, Spam and fruit. They’re affordable and have a long shelf life, which is essential for many people in the US like Johnson, who earns a low income and works two part-time jobs in addition to being a full-time student in Omaha, Nebraska.In the days after Donald Trump’s recent decision to double tariffs on steel and aluminum, Johnson says he’s worried. Continue reading...

Events

1 week ago Council tax bills set to rise at fastest rate for two decades, economist warns

Rachel Reeves said that ministers will not be ‘going above’ the 5% annual increases in council tax.

Events

1 week ago Boost your summer income and cut costs by checking for unclaimed benefits or discounts

Setting aside 10 minutes this weekend could boost your income this summer.

Politics

3 w. ago Nigel Farage blasts 'supertax' on North Sea oil and gas and backs giving Scotland new fundraising powers as he woos voters ahead of by

The Reform leader hit out at the overall rate of 78 - including the windfall tax - paid by companies who have made massive profits in recent years, on a visit to Aberdeen.

Politics

3 w. ago Fact check: More people are paying higher rate income tax than five years ago

The number of people paying the 40% rate has increased from 4.4 million to 7.4 million in the last five years.

Economics

3 w. ago More brickies, carpenters and health workers to be trained up in huge skills boost

Education Secretary Bridget Phillipson Labour is 'backing the next generation by giving young people more opportunities to learn a trade, earn a wage and achieve and thrive'

Events