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What are National Insurance and income tax and what could change in the Budget?
Getty Images There has been speculation that November’s Budget could see Chancellor Rachel Reeves break Labour’s pre-election pledge not to increase income tax, National Insurance (NI) or VAT for working people. It’s been suggested that she could extend a freeze to the income thresholds at which people start paying the taxes, or have to pay…
Grants awarded to tackle cost-of-living crisis in Dorset
Organisations tackling the cost-of-living crisis in Dorset have been awarded £80,000 worth of grants. Dorset Community Foundation and Bournemouth, Christchurch and Poole (BCP) Council provided the money to 23 local groups. The council said it would pay for projects providing warm hubs, free meals, cookery workshops and money advice. Council cabinet member Sandra Moore said:…
Landmark global shipping deal abandoned under US threats
A landmark deal to cut global shipping emissions has been abandoned after Saudi Arabia and the US succeeded in ending the talks. More than 100 countries had gathered in London to approve a deal first agreed in April, which would have seen shipping become the world’s first industry to adopt internationally mandated targets to reduce…
Penguin and Club bars can no longer be described as chocolate
McVitie’s Penguin and Club bars are no longer classed as chocolate after rising cocoa prices led the makers to switch to using other ingredients. Club bars had previously been marketed under the slogan: “If you like a lot of chocolate on your biscuit, join our club”. But both treats are now described as “chocolate flavour”…
Child benefit: HMRC to review thousands of suspended payments
Eimear 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…
