Rishi Sunak told hiking taxes in Budget will hit UK economy hard

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

Rishi Sunak is warned against hiking taxes too early in Budget

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 soar after pandemic as Britons will demand increased spending’

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 PM on green taxes

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

Boris Johnson’s father Stanley lands new eco role that could see him pushing PM on green taxes

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 so they can be cut BEFORE the 2024 election 

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

HMRC taxes interest savers haven’t received after plunging rates

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

HMRC taxes savings interest based on previous years despite rate fall

Tax bills for savings interest you weren’t paid? HMRC still estimating earnings based on previous years despite 2020’s plunging rates By Sylvia Morris For The Daily Mail Published: 22:00 GMT, 22 December 2020 | Updated: 22:00 GMT, 22 December 2020 Savers are facing baffling tax bills for interest they haven’t actually earned. HMRC estimates how … Read more

RUTH SUNDERLAND: Wealth taxes don’t work

RUTH SUNDERLAND: Persecution of supposedly rich, whilst imagining rest of us can escape share of bill not realistic way to repair national balance sheet Covid-19, a virus with no respect for wealth or status, has reminded us of our common humanity  It has also exposed deep inequalities – we may be in the same storm … Read more