35 h. ago Judge to approve $7bn settlement with OxyContin maker that requires Sackler family members to pay victims

Deal would also require multibillionaire family to give up ownership of the Connecticut-based firmA federal bankruptcy court judge on Friday said he would approve OxyContin-maker Purdue Pharma’s latest deal to settle thousands of lawsuits over the toll of opioids that includes some money for thousands of victims of the epidemic.The deal overseen by US bankruptcy judge Sean Lane would require some of the multibillionaire members of the Sackler family who own the company to contribute up to $7bn and give up ownership of the Connecticut-based firm. Continue reading...

Events

41 h. ago Personal tax threshold change update as expert issues £843 alert to all workers

The Treasury has appeared to rule out an income tax rise in the 26 November Budget, but extending the current freeze alone would add an extra £843 tax bill to middle earners over the next four years

Economics

54 h. ago How 1million will pay tax for the first time if Budget raid goes ahead – min wage and pensioners will be hit hardest

A MILLION extra people will be dragged into paying income tax if Rachel Reeves presses ahead with a punishing stealth rise, a new report reveals. Pensioners and minimum wage earners face being hit by tax thresholds being frozen for a further two years to help balance the books. Income tax thresholds are frozen until 2028, so...

Economics

3 d. ago The reason why Scots are paying £1.7bn extra in tax, but get just £616m back in public spending

Failure to grow Scotland’s tax base as quickly as the rest of the UK has real consequences for taxpayers and public spending

Economics

5 d. ago British holidaymakers face paying an extra £21 on flight tax as Labour strikes deal with the EU on carbon emissions

Sir Keir Starmer agreed a 'substantial package' of agreements with Brussels in May this year (pictured) that includes a commitment to reducing carbon emissions.

Economics

7 d. ago Pensioners could pay £380 a year EXTRA in tax under Rachel Reeves’ Budget plot

MILLIONS of pensioners face paying an extra £380 a year in tax under Rachel Reeves' Budget plans. The Chancellor is expected to increase income tax by 2p in her Autumn Budget, while cutting National Insurance (NI) payments by 2p for earnings under £50,270. This would ease the burden on workers, as the income tax hike...

Economics

2 w. ago Good reason why Daniel Young is such a cheery chap in Mallorca for Rolex Grand Final

Perth man delighted to have ticked both his big boxes on HotelPlanner Tour before season finale

Politics

2 w. ago Income tax rise only way to plug extra £20bn in Budget black hole, economists warn Reeves

Economists say trying to balance the books by raising smaller taxes risks ‘unnecessary amounts of economic damage’

Economics

3 w. ago The city where you pay more to park if you drive an SUV: Fury at Labour

Cardiff Council's plan to hit SUV drivers with extra charges is 'just another tax' on motorists, according to drivers in the Welsh capital.

Politics