Rishi Sunak defends COVID-19 economic recovery policies Get pensions news and advice plus latest money alerts for FREE now SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Inheritance tax (IHT) statistics have been released by HMRC which shows that there has been a slight drop in how many estates have had to pay the tax. Additionally, IHT receipts have dropped for the first time in a decade. Trending READ MORE Rishi Sunak considers online sales tax which could affect shopping Specifically, the statistics revealed the following key points: In 2017-18, 3.9 percent of UK deaths resulted in an Inheritance Tax (IHT) charge, decreasing by 0.7 percentage points since 2016-17. This reverses the longer term … [Read more...] about Inheritance tax warning: Rishi Sunak may ‘target’ IHT for reform following HMRC statistics
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Tory MP Paul Holmes quits Government job over ‘toxic culture’ at No 10
Benefits and state pension to see largest increase in 32 years Tories are now party of big spending, says Sunak How the PM brought in top economists to persuade Sunak Camilla Tominey: True-blue Tories are shuddering Fraser Nelson: Tax grabs have put Britain on road to recession Russia-Ukraine latest: PM calls for new weapons for Ukraine A Tory MP has quit his Government job and criticised the “toxic culture” in No 10 as Boris Johnson’s premiership continues to be rocked by the partygate scandal. Paul Holmes, the Conservative MP for Eastleigh, said in a statement published on his website that he had resigned as Parliamentary Private Secretary at the Home Office. A PPS is the lowest rung on the ministerial ladder but the resignation is likely to prompt alarm bells in Downing Street as the Government struggles to move on following the publication of the Sue Gray report on Wednesday. Mr Holmes said the report had "clearly showed a culture in No 10 … [Read more...] about Tory MP Paul Holmes quits Government job over ‘toxic culture’ at No 10
Universal Credit UK: 160,000 households could see benefits capped this month
Thérèse Coffey grilled on ending benefit cap 'grace period' Get pensions news and advice plus latest money alerts for FREE now SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Universal Credit is designed to help households who are either on a low income or are out of work entirely, and therefore the financial support is particularly important. Indeed, throughout the ongoing COVID-19 crisis, many turned to Universal Credit for help, after facing challenging circumstances. But as the country draws closer to Christmas, thousands of households are also coming to the end of their benefit cap grace period. Trending READ MORE Premium Bonds: NS&I’s changes to payment process come into force This, MPs raised, … [Read more...] about Universal Credit UK: 160,000 households could see benefits capped this month
Mortgage: You could get state support for interest payments – check if you’re eligible now
Martin Lewis explains ‘danger’ of 15% mortgage deposits Get pensions news and advice plus latest money alerts for FREE now SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Mortgage holidays will allow people to effectively pause their repayments by up to three months. The scheme offered a previously unseen level of support and while Rishi Sunak has extended the government's measures in recent weeks, he has warned that they cannot go on forever. Trending READ MORE Universal Credit claimants could get tax free bonuses from this scheme While the mortgage holiday scheme may be ending in the coming months, many homeowners may not realise that they could still get state support for their mortgage payments. Some … [Read more...] about Mortgage: You could get state support for interest payments – check if you’re eligible now
Wealth tax introduction: The cost of covid makes tax increases a ‘very likely response’
This Morning: Martin Lewis on claiming money back from council Get pensions news and advice plus latest money alerts for FREE now SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info A wealth tax has been theorised and discussed by many people and organisations over the years, especially as the middle class shrank over the last few decades. The workability of such a tax is much debated and while some call for it to be introduced, others reject the premise, claiming it will unfairly penalise certain groups and even threaten financial freedom. Trending READ MORE Bank of England Interest rate decision revealed Despite the controversy surrounding the proposals, it may become a reality more quickly than some would … [Read more...] about Wealth tax introduction: The cost of covid makes tax increases a ‘very likely response’