Money Moves

Stamp duty is a tax applicable to most home buyers in England and Northern Ireland, while Scotland and Wales have their own analogous taxes. The future of stamp duty has garnered attention, with the Institute for Fiscal Studies labeling it as potentially economically damaging. Recently, Kemi Badenoch indicated that a future Conservative government may consider […]

The UK Treasury has announced an expansion of the Help to Save scheme aimed at encouraging savings among individuals with low incomes. Currently, approximately three million people on universal credit qualify for this initiative, which provides a bonus of 50p for every pound saved after specified periods of time. The Treasury plans to make this

A program to provide free school meals to all state primary school children in London has distributed 100 million lunches, according to City Hall. Launched by Mayor of London Sir Sadiq Khan in 2023, the initiative aims to assist families facing increasing living costs. The mayor has committed to funding the program for the duration

Starting in 2028, pre-packaged milkshakes and coffees with high sugar content will be subject to a new tax, as the government expands its existing tax on sugary fizzy drinks. This adjustment aims to lower the threshold for taxable sugar content from 5 grams to 4.5 grams per 100 milliliters. High-sugar beverages such as Yazoo, Muller’s

Black Friday, an event originating in the US, takes place this Friday and has been widely adopted by retailers in the UK. Initially celebrated as a single day of sales, it has now evolved into a period extending weeks before and after the official date. Research from the consumer group Which? indicates that 80% of

Heathrow Airport’s proposal for a third runway has been selected by the UK government, a project estimated to cost £49 billion. This plan involves significant alterations to the surrounding infrastructure, including the relocation of the M25 motorway. The government considered two competing proposals: one from Heathrow itself and another from the Arora Group, led by

Chancellor Rachel Reeves is reportedly considering a policy change that would reduce the annual tax-free allowance for cash Individual Savings Accounts (ISAs) to £12,000. This decision appears to align with the Treasury’s objective to promote investment in stocks and shares. ISAs are financial products offered by banks and other institutions, allowing individuals to save or

Rachel Reeves has called for unity among Labour MPs, emphasizing their collective strength as they approach the upcoming election. During a recent meeting with Labour’s Parliamentary Party, Reeves reiterated her commitment to her forthcoming Budget, scheduled for delivery on Wednesday. She acknowledged that the Budget would present “difficult choices,” particularly amidst ongoing discussions regarding potential

Alfie’s Arc, a community hub located in Leigh Park, Havant, plans to distribute 150 Christmas dinner hampers to families facing financial challenges during the festive season. Established last year by Lianne Hutchins and her family in memory of her son Alfie, who passed away from brain cancer at the age of seven, the organization provides

Business owners in Sussex are expressing concern as they await the chancellor’s upcoming Budget, following significant tax increases from the previous year. Rob Barr, who owns two pubs in Sussex, emphasized the role of pubs in local communities and their historical significance, while highlighting their current struggle for survival. In a letter to local MPs,