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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…
Why supermarket prices really became sky high in the UK
Faisal IslamEconomics editor BBC There has been more than a bitter twang in the glasses at British breakfast tables. Only five years ago, a typical supermarket own-label carton of orange juice could be bought for 76p for 1 litre. It now costs £1.79. That’s a rise of 134% since 2020, and it’s up 29% just…
Heres what you can get for free on your birthday
Some fast-food chains offer a free birthday meal or snack – Burger King members can claim a free Whopper or Plant-Based Whopper, while Chopstix offers a free small noodle box. However, most restaurant birthday offers are buy-one-get-one-free deals rather than completely free meals. At Harvester and Zizzi’s it’s a free main when buying another full-price…
Even if Iran war ends now farmers costs will have to be passed on
Patrick Crehan buys fuel on behalf of a 3,500 member consortium, who are mainly agricultural farmers. Before the conflict, he was paying around 70p a litre. Just before the ceasefire, he was paying around 130p a litre, though that has fallen back a little since Wednesday.
Chancellor blames Brexit deal for long-term damage to economy
Rachel Reeves chose to stress the long-term damage done to the UK economy by the 2020 Brexit deal, in her remarks at a key international economic committee at the International Monetary Fund (IMF). In remarks published this weekend, the chancellor told the world’s leading finance ministers and central bankers: “The UK’s productivity challenge has been…
