ISA Special February 8, 2021 How to use ISAs to power up your wealth We’re living through unprecedented times, and there’s never been more pressure for people to optimise their finances. Our new ISA Special aims to deliver the highest quality information to help our readers make their money work harder in ISAs. We’ll explore what’s driving investment decisions right [...]
The show must go on: How UK film and TV ploughed through the pandemic February 6, 2021 From Tiger King to The Serpent, hit TV shows have become cultural currency in an era defined by lockdowns. With millions of Brits forced to stay at home, film and TV has been one of the few avenues for entertainment over the last year, providing a much-needed dose of escapism during the pandemic. But for [...]
US jobs bounce back in January despite Covid-19 case surge February 3, 2021 Hiring by private employers in the US bounced back in January despite a continued rise in Covid-19 infections, according to new data. Private payrolls increased by 174,000 jobs last month, according to data from ADP. Previously released figures for December were also revised to show jobs fell by 78,000 rather than 123,000. The numbers are [...]
Half of medium-sized businesses on the brink as lockdown restrictions continue February 3, 2021 Nearly half (49 per cent) of medium-sized businesses have warned they could cease trading in less than two months if coronavirus restrictions do not ease. The national lockdown is taking a major toll on businesses, with many fearing the worst if the restrictions continue. If the current national lockdown lasts until April, more than eight [...]
Sunak under pressure to extend stamp duty holiday as tax break sparks housing market boom January 21, 2021 Housing transactions boomed at the end of last year driven by buyers rushing to complete deals before the stamp duty holiday deadline, putting pressure on government to extend the tax break. UK residential transactions in December were 31.5 per cent higher than the previous year, and jumped 13.1 per cent compared to November, buoyed by [...]
Chancellor plots one-off Covid grant for benefit claimants January 16, 2021 The Chancellor is reportedly planning a one-off payment for benefit claimants instead of extending the temporary £20-per-week increase. Rishi Sunak met with the work and pensions secretary Therese Coffey on Friday to discuss the alternatives to the increase in universal credit payments, according to The Times. He increased universal credit and the basic working tax [...]
Rishi Sunak to delay tax hikes until after March budget amid mutant virus strain January 9, 2021 The chancellor is reportedly expected to delay plans for tax rises until after his March budget as concerns rise over the huge economic impact of the pandemic, with cases of the new mutant strain of coronavirus spreading across the country. Rishi Sunak has previously warned that government debt built up during the crisis could become [...]
Christmas rail works are essential this year to keep trains running throughout 2021 December 16, 2020 This year, the Christmas engineering works being undertaken by the railway industry have received extensive media coverage. Unfortunately, the time period for these works coincides with the window when coronavirus restrictions will be loosened for five days (23–27 December). This has led to some frustration, with questions about why the work needs to take place [...]
Treasury urged to focus on job creation amid UK ‘unemployment crisis’ December 14, 2020 The government has been urged to take a more active approach to job creation and keep public spending high to avoid “sleepwalking into an unemployment crisis” next year. The House of Lords Economic Affairs Committee said the Treasury should move away from wage subsidies and instead fund jobs in places they are needed such as [...]
Jacob Rees-Mogg tells Rishi Sunak that raising taxes will cost Tories next election December 7, 2020 Jacob Rees-Mogg has warned Rishi Sunak that he will cost the Tories the next election if he raises taxes next year in what could be the start of a cabinet row. The Leader of the House of Commons said on his Moggcast podcast last night that raising taxes would damage the UK’s economic recovery and [...]