The legal limit for contactless payments will more than double, Chancellor Rishi Sunak will confirm in today's budget. The limit for a single contactless payment will rise from £45 to £100 as part of Mr Sunak 's plans to boost businesses as the UK recovers from the COVID crisis. You can watch and follow the budget live with special coverage and analysis from 12.30pm - and a special edition of the Sky News Daily podcast will be available to listen to from 7pm. "As we begin to open the UK economy and people return to the high street, the contactless limit increase will make it easier than ever before for people to pay for their shopping, providing a welcome boost to retail that will protect jobs and drive growth," the chancellor said. The move comes despite fears of a growing fraud risk from the increased use of contactless payments. Advertisement On Tuesday, Sky News reported that some of Britain's biggest banks were urging the … [Read more...] about Budget 2021: Contactless payment limit to increase to £100, Chancellor Rishi Sunak says
Transitional period under companies act 2013
Tory Rishi Sunak today announced changes to tax, furlough and Stamp Duty in his 2021 Budget . The Chancellor said he must take "unpopular" and "honest" decisions as he reversed some Tory Corporation Tax cuts and cancelled an Income Tax break for millions of Brits. He warned next year borrowing will hit £234bn or 10.3% of GDP - “an amount so large it has only one rival in recent history, this year”. And Covid spending including fiscal support has hit £407bn. But in reality the Chancellor put off many of the most painful decisions until later and gave businesses a huge tax break for now - one he claimed was the biggest in history. He also extended several breaks and Covid support schemes beyond the end of the roadmap. Mr Sunak said more than 700,000 people have lost their jobs since March and the economy has fallen by more than 10% - the fastest fall in more than 300 years. “It’s going to take this country and the whole world a long time to recover from this extraordinary … [Read more...] about Budget 2021 summary: Key announcements at a glance as Covid spending hits £407bn
Tokyo Olympics make late bid for gender equality Grammozis becomes Schalke's fifth coach of the season Bobic claims he will leave Frankfurt at end of season March 3 Tokyo Olympics makes late bid for gender equality Tokyo Olympics CEO Toshiro Muto has announced that the 12 women will be added to the Games' executive board, which will increase in size from 33 to 45 as a result. Seiko Hashimoto, the new president of the organising committee, was instrumenatl in the changes. She took charge in February after former president Yoshiro Mori was forced to resign after making derogatory comments about women. “Regarding the promotion of gender equality, we believe that it is necessary to work with a sense of speed and produce solid results in order to restore the trust in the organising committee,” Hashimoto said at the start of the meeting where the decision was rubberstamped. The postponed Games are now set to begin on July 23, with the Paralympics following on … [Read more...] about Sports News Feed: Tokyo Olympics makes late gender equality push
DANNIELLA Westbrook has had a colourful life and has often hit the headlines thanks to addiction to cocaine. Here's all you need to know about the former EastEnders star and what she is up to now. How old is Danniella Westbrook and who did she play on EastEnders? A true east Londoner, former EastEnders star Danniella Westbrook, 47, was born in Walthamstow in 1973. Her mum was a shop assistant and dad a cab driver. With an early interest in the limelight, she started modelling at seven years old before taking the step into acting, joining the capital's famous Sylvia Young Theatre School. The door opened for Danniella to take on her first acting job at the age of 11, when she played a small role as an extra in EastEnders, roller skating across Albert Square. Her first appearance as Sam Mitchell, the younger sister of soap bad boys Phil and Grant and the most iconic of her roles to date, came in 1990. But her time on the show was not without drama as Danniella's … [Read more...] about How old is Danniella Westbrook and when was she in rehab?
Here are the key points from Chancellor Rishi Sunak's budget speech: • Economy expected to return to pre-COVID levels by the middle of next year, six months earlier than previously thought • GDP growth forecast for this year downgraded to 4% (from 5.5%) according to Office for Budget Responsibility • Unemployment expected to peak at 6.5% • Forecasts show government borrowing reaching £355bn in 2020/21, of 17% of the national income - the highest level since the Second World War. For 2021/22 it climbs to £234bn, 10.3% of GDP. • Debt is set to peak at 97.1% of GDP in 2023-24. • An additional £65bn in spending in response to coronavirus takes total fiscal support to £407bn • £1.6bn will go towards continuing the vaccine roll-out and improving future preparedness • Chancellor confirms furlough scheme will be extended until the end of September, with the government paying 80% of salary though employers will asked to put in 10% from July and 20% from August • Help for … [Read more...] about Budget 2021 key points: What was announced in Chancellor Rishi Sunak’s speech?