Later this year, households with £5,000 in savings will be able to invest in a new type of ISA. The Government has confirmed the introduction of a new British ISA to encourage investment in UK companies and boost the City.
01.03.2024 - 18:40 / manchestereveningnews.co.uk
Rishi Sunak has hinted at further cuts to national insurance in next week's Spring Budget.
Speaking at the Scottish Tory conference, the Prime Minister initially refused to confirm potential tax cuts but said he dislikes high national insurance. Chancellor Jeremy Hunt announced in his autumn statement last year that the levy paid by workers across the UK would drop from 12% to 10% in January.
"The Chancellor and the UK Government chose to cut national insurance, there were lots of reasons for that, but first and foremost it is a tax on work," he said when asked if there could be further reductions announced next week.
Read more: Rishi Sunak says 'stick with us' as he confirms general election will be held in 2024
"I believe in a country and society where hard work is rewarded that's something that's really important to me ... and all the people in the Government, and cutting national insurance is rewarding hard work."
It is also important to him, the Prime Minister said, that his Government "delivers for people in every part of the United Kingdom". The Scottish Government, he said, was "making life harder for working people" by increasing taxes.
"I want to make life easier for people, I want to give them the peace of mind there's a brighter future for them and their families," he said. MSPs have approved the last budget for the upcoming financial year.
It includes a new tax band where people earning between £75,000 and £125,140 will pay 45% in tax. Also, those making over £125,140 will see their taxes go up by 1%, to 48p for every pound they earn. While approving the budget, Deputy First Minister Shona Robison said that Scotland's tax system is "progressive" and it will give £500 million to help fund the NHS.
Later this year, households with £5,000 in savings will be able to invest in a new type of ISA. The Government has confirmed the introduction of a new British ISA to encourage investment in UK companies and boost the City.
The Prime Minister, Rishi Sunak, has ruled out holding a general election in May on the same day as the local elections.
Millions of workers across the UK will get a boost to their wages worth hundreds in less than a month.
Stephen Flynn has accused Rishi Sunak of "putting money before morals" after he refused to return £10m given to the Conservatives by a donor accused of racism.
Ex-Tory MP Lee Anderson has said he is no mercenary after joining Reform UK as he denied being paid to switch allegiances. Mr Anderson also told GB News the Conservative Party had not contacted him ahead of being unveiled as Reform’s first MP.
Figures released by the Campaign for Real Ale (CAMRA) show that more than a thousand pubs across the UK closed their doors in 2023.
King Charles's close friend, Captain Ian Farquhar, has sadly passed away at the age of 78. He was a skilled huntsman and died at King Charles's Highgrove Estate.
Good afternoon Insiders, Max Goldbart here taking you through what has been a whirlwind of a week in international TV and film. Do not stop here — please do read on. And sign up here.
Flights from Manchester Aiport are set to get more expensive, following the Chancellor of the Exchequer's announcement of an increase in air passenger duty to help pay for wider cuts to National Insurance.
Despite assurances at this week's Spring Budget that the average UK worker would benefit from yet another cut to National Insurance tax, many across the country are unlikely to notice a difference at the end of each month as taxes and fixed costs continue to rise across the board. In fact, continued cost of living pressures mean the average worker in Greater Manchester is unlikely to notice any difference at all.
A week ago Rochdale was at the centre of British news as voters took to the polls.
Jeremy Hunt has dealt a fresh blow to Douglas Ross after the Chancellor admitted the North Sea oil and gas industry was one of the "losers" in the Budget.
Jeremy Hunt announced his Spring Budget to the House of Commons on Wednesday afternoon.
Regular viewers of ITV will have their viewing disrupted as a massive schedule change takes place on Wednesday afternoon.
Chancellor Jeremy Hunt will deliver his Spring Budget later today (March 6).
Jeremy Hunt will announce the Spring Budget today amid mounting speculation National Insurance will be cut in a boost for workers.
Special “Black Out” performances of Jeremy O. Harris‘ stage production Slave Play were well-received by the Broadway community in 2019 when producers of the controversial, acclaimed and emotionally complex play about race relations announced that they would set aside a relatively few performances to invite all-Black audiences, an effort to welcome a group traditionally marginalized or even excluded by Broadway.
Rishi Sunak will head to Aberdeen today to rally Scottish Conservative members as his party continues to slide in the polls.
Slave Play for its decision to host some shows for black audiences only, saying the move was “wrong and divisive”.Two “Black Out” performances solely for an “all-black-identifying audience” are planned for the show, which is due to arrive on London’s West End this summer. This has happened before in the UK, with theatres in London holding such performances for Daddy, by Jeremy O Harris (who also wrote Slave Play) and Tambo & Bones, by Dave Harris.Slave Play is set on a plantation in the old American South and explores “race, identity and sexuality” according to a synopsis.
A Glasgow City Council job has been advertised with a higher salary than the Prime Minister's for only 35 hours work.