Rachel Reeves has confirmed the tax-free allowance on cash ISAs will be cut for under 65s in a bid to encourage more Britons to invest their savings. The current £20,000 allowance will be slashed to £12,000 by April 2027. By doing so, The Chancellor hopes to encourage more Britons to invest their remaining savings in…
Owners of homes worth more than £2m will face a new annual surcharge of at least £2,500 a year under plans unveiled in the Budget. Properties valued above £2m by the Valuation Office Agency from April 2028 will incur a recurring levy, paid in addition to council tax. The charge will apply across four pricing…
TikTok and Social Media Post: https://vm.tiktok.com/ZNRCFgTG1/ Main Article: If you have spent time in a chain coffee shop recently, you might have noticed something off. Especially if, instead of rushing out after securing a caffeine-fix, you decide to sit down with a laptop and linger. While the ambience of a central-London Pret A Manger has…
Chancellor Rachel Reeves has said today’s budget will prioritise economic growth. Still small businesses are bracing for shifts that could raise costs and widen compliance demands. Reeves has already trailed parts of her plans and recent reporting has sharpened expectations. Here are the changes small firms are watching most closely. VAT registration threshold cut or…
WeWork was expected to fail in the flexible offices. Rather, the co-working market in London is redefined by corporate demand, increasing prices and the reality of working hybrid. A different kind of office Image from Adobe Stock © The rhythm of work is no less familiar, but slightly changed, on a weekday morning in Clerkenwell….
A growing industry of Oxbridge-trained coaches is helping wealthy Chinese families navigate British university admissions — and charging huge sums for their services Peter Cui was working in finance in 2017 when he started coaching students back in his home country of China to get into Oxford and Cambridge on the side. The pay in…
Welcome to our live coverage of the UK Budget. Chancellor Rachel Reeves will deliver her Budget speech at 1230gmt. The live blog is now closed. Please see our in-depth coverage to read more. 1750gmt End of Budget Day Market Wrap Up By Carla Rosch The FTSE 100 temporarily dipped slightly after the premature release of…
The minimum wage will increase by 4% in April with even bigger increases for younger workers, under plans announced in the Budget on Tuesday. Over-21s will see their minimum wage rise by 50p to £12.71 an hour while, for those aged between 18-20, it will rise by 85p to £10.85 an hour. For 16 and…
The cap on the salary sacrifice scheme will weaken saving incentives for young workers. Rachel Reeves has imposed a cap on salary sacrifice schemes in a move that will raise £5bn for the Treasury in 2029 when it comes into place, according to the Office for Budget Responsibility. “Salary-sacrificed pension contributions above £2,000 will be…
Chancellor Rachel Reeves announced the lifting of the two-child benefit cap, the controversial measure that prevented families on benefits from claiming support for more than two children. The move was greeted with cheers by Labour MPs who have long opposed the cap, that was introduced by the Conservative government in 2017. The removal of the…
