Tax cuts and jobs act

By Becky Morton Published 2 hours ago Share close Share page Copy link About sharing Labour has called for an extension of the tax on oil and gas companies to fund a freeze in the energy price cap. The cap - the maximum amount suppliers can charge for average use - is forecast to hit £3,582 in October and £4,266 in January. Leader Sir Keir Starmer said Labour's plans would save the typical family £1,000. The government said it had pledged £37bn of support to help people through the winter. Unveiling his party's £29bn plan to help with soaring energy costs, Sir Keir said Labour "wouldn't let people pay a penny more" on their winter fuel bills. He said freezing the price cap at the current level of £1,971 a year for the typical household would bring inflation down by 4%. Inflation - the rate at which prices rise - hit 9.4% in June, the highest level for more than 40 … [Read more...] about Keir Starmer calls for extra tax on oil and gas producers

Inheritance tax labelled ‘unfair’ and ‘cruel’ by expert 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 However, Inheritance tax (IHT) can easily put a spanner in the works for those who are wanting to pass their wealth on. Jenny Holt, Managing director for Customer Savings, and investments at Standard Life stated that even though Britons can gift as much money as they like to their loved ones, people need to be aware of the tax implications as it could reduce the full benefit of their gift. Inheritance tax in the UK is paid on the value of a person’s estate when they pass away, this includes things such as property, money, possessions and savings. Related articles UK recession warning: Britons urged to 'put money aside' … [Read more...] about Inheritance tax: Ways you can give money to your children and grandchildren tax free

Published 25 May 2018 Share close Share page Copy link About sharing Cuts to social care for prisoners could put services at risk, a council has warned. Bridgend council received more than £236,000 towards social care for inmates at HMP Parc prison last year, but has been given £18,000 for 2018-19. The authority said it expected grant funding to remain steady, and the BBC understands staff may lose their jobs. The Welsh Government said a decision to redistribute funds across all 22 local authorities was behind the reduction. Bridgend council received £236,774 of grant funding to be put towards the category B prison last year, and £217,448 the year before, leading the authority to believe that would be allocated on a recurring basis. 'My brother was let down' by HMP Parc New research shows surge in violence in Welsh prisons But the Partnership Council for Wales, … [Read more...] about Parc Prison social care ‘at risk’ from budget cuts

Elizabeth Warren is as good a politician as any: she charms and she takes 70,000 selfies, but she also pivots and deflects. In recent debates Warren has slipperily refused to admit that her Medicare for All plan would require a tax hike on middle-class families. So when she again refused to answer the question, sticking to her line that overall costs would go down, other candidates answered for her. Pete Buttigieg said it. Amy Klobuchar said it. Beto O'Rourke said it. Even Bernie Sanders said it. "As someone who wrote the damn bill," the Vermont senator cut in, "I do think it is appropriate to acknowledge that taxes will go up. They will go up significantly for the wealthy and for virtually everybody, the tax increase will be substantially less." Warren still couldn't admit it in those words and defaulted to her favorite phrase: "costs will go down for hard working middle-class families." Next to her Buttiegieg just stood there shaking his head and Klobuchar summed up the bizarro … [Read more...] about Read Bernie’s Lips: Warren Will Raise Taxes

A THRIFTY dad has shared how he's saved thousands of pounds, including by reusing tea bags and watering down milk. Anyone who enjoys a good cuppa might wince at the extreme cost cutting measures. But Al Baker from Aldershot says it's one of the ways that he has saved more than £10,000 over two years. The 48-year-old was plunged into £300,000 business debt in 2017 and was forced to declare bankruptcy. Ever since, the dad-of-two has been on a mission to cut costs. Al previously revealed to The Sun how to get up to 90% off groceries with yellow sticker bargains. Read more on money saving SAVVY SAVER Martin Lewis’ MoneySavingExpert reveals three ways parents can save the summer I'M A BILL-IEVER I'm a money expert - here's the exact date of the month to pay your bills And that's not his only tips for being frugal, though some like reusing loo paper, may not be for the faint of heart. Al – who shares … [Read more...] about I reuse tea bags and water down milk – I’ve saved £10,000 from extreme cost-cutting

Ah, the ‘enduring’ marriage. The comfortable silences stacking the dishwasher, the inconsequential enquiries about a dull working day… the seething over-reaction to the lack of a jacket potato on an airport restaurant’s menu. It’s this seemingly ridiculous fight that Sean Bean ’s introspective Ian picks with his wife Emma ( Nicola Walker ) over her innocuous choice of chips that introduces us to their painfully believable world. It’s full of worry about their child, their elderly parents, their jobs and the ‘is this it’ desperation of middle age. As the plane taxis, they hiss sweary insults at each other. As it takes off, Ian reaches for Emma’s hand again. There’s a quiet romance in that small gesture. Writer and director Stefan Golaszewski made his name with the sitcoms Mum and Him & Her, but this is an altogether more considered and minimalist relationship study. Bean plays Ian with the kind of diminished sadness where a hesitant shuffle into a job interview … [Read more...] about Marriage on BBC review: Sean Bean and Nicola Walker deliver acting masterclass in authentic relationship study

Published 26 May 2020 Share close Share page Copy link About sharing Thousands of people have taken to the streets in Ecuador to protest against the government's economic response to the coronavirus outbreak. Around 2,000 people demonstrated in the capital Quito, defying restrictions aimed at combatting the virus. Last week, the president announced measures including the closure of some state-owned companies and cuts to public sector salaries. Ecuador has been one of the worst-affected countries in South America. Around 37,000 cases have been confirmed and more than 2,000 people have died with the virus, according to Johns Hopkins University. Protesters wearing face masks and carrying flags attended demonstrations organised by trade unions and social organisations, following cuts announced by President Lenín Moreno. According to Mr Moreno, 150,000 jobs have been lost … [Read more...] about Coronavirus: Ecuador protests against cuts amid pandemic

A group of students from West Papua fearful about their future have been able to secure work visas and jobs through a construction company. About 40 students from the Indonesia province have been studying at different tertiary institutions in New Zealand, but their place in the country came under threat when their scholarships were unexpectedly stopped. In December they received a letter from the Provincial Government of Papua saying their living allowances, travel and study fees were stopping and they had to return home because their studies had not met expectations. About 12 have since returned home, but the rest were concerned about their future . In May eight of the students finished their carpentry course at Palmerston North polytech UCOL, but things remained uncertain. But through a connection at the Grace City Church in Palmerston North, the students got in touch with Patrick Phoa, a health and safety advisor for V-Pro Construction in Manawatū, and they secured … [Read more...] about West Papua students secure future in New Zealand with new jobs

Dominic Raab will be condemned to the political wilderness in punishment for his ‘vicious’ barbs against Liz Truss if she becomes the next Prime Minister, her allies suggest. They have described the Rishi Sunak-backer’s attack on her plans to cut tax as ‘the saddest moment of the campaign’, as the pair were once close. But the Deputy Prime Minister’s allies hit back yesterday, saying he had ‘seen it all before’ – and accusing her campaign of lacking charm. As the contest enters its fourth week, the blue-on-blue attacks showed few signs of abating. The latest acrimony began after Mr Raab branded Ms Truss’s tax-cutting plans as ‘electoral suicide’. The Foreign Secretary dismissed his intervention as spreading ‘portents of doom’. Dominic Raab will be condemned to the political wilderness in punishment for his ‘vicious’ barbs against Liz Truss if she becomes the next Prime Minister, her allies suggest Then, rebuffing claims that Mr Sunak had ‘stabbed Boris in the … [Read more...] about Savage bust-up between rival Tory camps in leadership race will see ‘venomous’ Dominic Raab sent to political Siberia

In a series of tweets on Friday, President Trump blamed Governor Andrew Cuomo and Mayor Bill de Blasio for his recent announcement that he's moving his permanent residence to Florida. He began with how much he loves New York but also how New York can never be great under its current leadership. "I love New York," he tweeted , "but New York can never be great again under the current leadership of Governor Andrew Cuomo (the brother of Fredo), or Mayor Bill DeBlasio. Cuomo has weaponized the prosecutors to do his dirty work (and to keep him out of jams), a reason some don't want to be..."Trump mentioned taxes and energy costs, plus the "nearby states" who are fracking for oil and creating jobs by the thousands, but he never mentioned those states by name. "....in New York, and another reason they are leaving. Taxes and energy costs are way too high, Upstate is being allowed to die as other nearby states frack & drill for Gold (oil) while reducing taxes & creating jobs by … [Read more...] about Donald Trump blames Andrew Cuomo and Bill de Blasio for driving him out of New York