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Higher tax helped government finance reach record January surplus
Posted onIn January 2026, revenue from capital gains tax was nearly £17bn – 69% higher than in January 2025, he said, adding it was likely a reflection of investors disposing of assets since April 2024, ahead of an expected tax rise that came in the October 2024 Budget.
Bank of England expected to cut interest rates
Posted onKevin PeacheyCost of living correspondent Getty Images Policymakers at the Bank of England are expected to cut interest rates – bringing the Bank rate down to its lowest level since February 2023. Analysts are widely predicting a fall from 4% to 3.75%, although they do not expect a unanimous decision among the nine-member Monetary Policy…
Thousands march in Edinburgh calling for action to end poverty
Posted onBBC Protestors met outside the Scottish Parliament building Thousands of people have marched through central Edinburgh calling for more action to tackle poverty in Scotland. The Scotland Demands Better demonstration was organised by trade unions and charities to push for more action on poverty ahead of the UK Budget and next year’s Scottish Parliament elections….
US-China trade talks set for day two as TikTok deadline looms
Posted onUS and Chinese officials will hold a second day of trade talks in Spain on Monday as the deadline for the Chinese owner of TikTok to find a buyer or face a ban in America looms. The negotiations, led by US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, are the latest attempt…
Child benefit: HMRC to review thousands of suspended payments
Posted onEimear DevlinBBC Money Box reporter Eve Craven Eve Craven had her child benefit halted after she went on a five-day trip to New York with her son The UK’s tax body is reviewing its decisions to strip child benefit from about 23,500 claimants after it used travel data to conclude they had left the country…
Snap settles social media addiction lawsuit ahead of trial
Posted onSnapchat’s parent Snap has settled a social media addiction lawsuit just days before the landmark case was due to go to trial in Los Angeles. Terms of the deal were not announced as it was revealed by lawyers at a California Superior Court hearing, after which Snap told the BBC the parties were “pleased to…
