More Pensioners Will Get Fuel Payments This Winter

Labour’s U-turn on fuel payments will happen in time for more pensioners to benefit this winter, it was announced – but not all retirees will have the handouts restored. Chancellor Rachel Reeves said this morning that planned changes to the means-testing of winter fuel payments would be in place ahead of the colder months. ‘More people willContinue reading “More Pensioners Will Get Fuel Payments This Winter”

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Analysts Warn That Coutts’ Plans To Move £2 Billion From UK Funds Into Overseas Investments Are Part Of A ‘Vicious Circle’ Causing London-Listed Firms To Lose Value

Royal bank Coutts has been accused of ‘abandoning’ Britain as it plans to shift billions of pounds of clients’ cash out of the UK. In a blow to the City, the 332-year-old lender, where King Charles is a client, will transfer £2 billion from British funds into overseas investments. Analysts said Coutts’ decision to join a ‘foreignContinue reading “Analysts Warn That Coutts’ Plans To Move £2 Billion From UK Funds Into Overseas Investments Are Part Of A ‘Vicious Circle’ Causing London-Listed Firms To Lose Value”

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A Judge Rules Marshmallows Are Not Sweets After Finding The Treats Can Be Roasted And Eaten Off A Stick And Are Therefore VAT Exempt

A judge’s decision that marshmallows are not sweets because they may be roasted and consumed off of a stick has resulted in a confectionery company winning a significant tax dispute.  It means one of Britain’s top confectionary firms, Innovative Bites Ltd., can dodge a £470,000 value-added tax bill. The firm that imports American ‘sweets and treats’Continue reading “A Judge Rules Marshmallows Are Not Sweets After Finding The Treats Can Be Roasted And Eaten Off A Stick And Are Therefore VAT Exempt”

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Second-Hand Clothes Crackdown

British citizens have been alerted to the possibility of facing a large tax charge if they fail to report their income to HMRC when selling their previously owned goods online. This New Year, HM Revenue & Customs implemented new regulations to combat tax evasion through side gigs. From January 1st, websites including Vinted, Depop, Etsy,Continue reading “Second-Hand Clothes Crackdown”

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Let’s Forget About Bunsen Burners And Algebra

A poll shows, forget algebra or playing the recorder, most of us would prefer to have been taught real-world skills at school such as changing a car tyre or applying for a mortgage. More than half of those questioned said the skills they learnt in the classroom hadn’t helped them in later life. The fourContinue reading “Let’s Forget About Bunsen Burners And Algebra”

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From Today, Households Will Receive £301 As Part Of The Cost Of Living Payment For 2023

More than eight million households across the UK will welcome the latest £301 cost of living support payment from the Government from today. It’s the first of three payments, totalling up to £900 for people who are on certain means-tested benefits. Households eligible for the cost of living payments include people receiving Universal Credit, Income-basedContinue reading “From Today, Households Will Receive £301 As Part Of The Cost Of Living Payment For 2023”

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Furlough Fraudsters Robbed As Much As £3 Billion

According to calculations used by parliament’s spending watchdog in a report into the government’s flagship jobs protection scheme, more than £3 billion might have been robbed in furlough money by criminal gangs and fraudulent employers. The National Audit Office said there was evidence of substantial levels of furlough fraud from both organised gangs hijacking claimsContinue reading “Furlough Fraudsters Robbed As Much As £3 Billion”

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