Which boosts the economy

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

Liz Truss will 'turbo charge British economy' says Jayawardena 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 Rightmove said that on average across the UK, the asking price for a home fell by 1.3 percent or £4,795 in cash terms month-on-month in August to reach £365,173. Related articles ‘Simple changes’ to boost the ‘saleability’ of a home by up to £5k Three ‘effective homemade remedies’ to remove limescale from taps The average asking price for a home has more than doubled in the 20 years since the Rightmove house price index was first published, which was at £155,994. Rightmove stressed however that the price fall may be more due to a usual seasonal lull than wider economic factors such as interest rate … [Read more...] about House prices FALL for first time this year as thousands wiped off value of new homes

Saudi oil giant Aramco has revealed profits of $48.4bn (£40bn) for the second quarter of 2022 - a 90% year-on-year increase. The sum has broken the firm's quarterly profit record set in May, with soaring energy prices driven by Vladimir Putin's invasion of Ukraine resulting in windfalls to oil producers. The $48.4bn figure is higher than all of the first six months of last year, when profits reached $47bn (£39bn). It is also the company's highest quarterly earnings since it was publicly listed in 2019, when the Saudi government, which owns 98% of the firm, sold a 1.7% stake mainly to the Saudi public and regional institutions. Aramco's half-year profits reached $87.9bn (£72.4m) as oil prices remain high globally, putting Aramco on track to far surpass the full-year earnings of 2019, prior to the pandemic, when profits hit $88bn. Advertisement The company said the profits were driven primarily by higher crude oil prices and volumes sold, and … [Read more...] about Top Saudi oil firm Aramco sees 90% surge in net profits for second quarter of 2022