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The mutterings that keep emerging from the Treasury about increasing taxes to balance the books are economically incomprehensible. Such action would not only be wrong, it would be completely counter-productive. We Tories must be honest with ourselves and with the public: There is no way we can balance the costs of the crisis in the … Read more
Sir Keir Starmer has warned that tax rises and austerity risk ‘choking off’ a rapid economic revival after the coronavirus pandemic. The Labour leader said he wanted to model the UK’s recovery on Clement Attlee’s post-Second World War strategy to restore Britain’s ‘backbone’. ‘In the short term, you don’t balance the books and you don’t … Read more
Rishi Sunak was today warned that hiking taxes too early risks wrecking the fledgling economic recovery as a think-tank said the UK faces the biggest hit in the G7 The respected NIESR urged the Chancellor to be cautious in his Budget next month, despite hints that he intends to start repairing the battered public finances. … Read more
Taxes ‘will rise in next five years’: Bills are likely to soar after pandemic as Britons will demand increased spending, leading economist warns Paul Johnson, director of Institute for Fiscal Studies, warned of the future He said economy will be smaller in 5 years than it would’ve been without Covid This means there will be … Read more
Boris Johnson’s father Stanley lands new eco role that could see him pushing the Prime Minister on green taxes Stanley Johnson will attend the Glasgow UN COP26 climate change conference PM’s father said he will ‘constructively’ call for policies including carbon taxes New role is as international ambassador of Conservative Environment Network By Colin Fernandez … Read more
Rishi Sunak hints taxes will go up in March Budget telling Tory MPs that increases now to fill Covid black hole means they can be cut BEFORE the 2024 election By David Wilcock, Whitehall Correspondent For Mailonline Published: 13:19 GMT, 28 January 2021 | Updated: 13:22 GMT, 28 January 2021 Rishi Sunak has sent out … Read more
Cheryl Baker is broke: Bucks Fizz star says Covid-19 pandemic has left her penniless and struggling to pay taxes after cancellation of tour By Emma Powell Showbusiness Correspondent For The Daily Mail Published: 00:01 GMT, 20 January 2021 | Updated: 00:01 GMT, 20 January 2021 Bucks Fizz singer Cheryl Baker says the pandemic has left … Read more
The ongoing controversy over the money left behind by Prince when he died without a will is heating up again after Internal Revenue Service calculations showed that executors of the rock star’s estate undervalued it by 50 per cent, or about $80million. The IRS determined that Prince’s estate is worth $163.2million, overshadowing the $82.3million valuation … Read more
As a result of an administrative error, when the newly-knighted Dave Lewis (pictured) was chief executive, some 78,000 Tesco staff were paid below the minimum wage for part of 2017.
Charged a tax bill for savings interest you weren’t paid? HMRC is still estimating earnings based on previous years despite 2020’s plunging rates Basic rate taxpayers can earn up to £1,000 a year in interest tax-free Coupled with falling rates it means 95% of savers don’t pay tax on their returns However a Cambridgeshire man … Read more