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Newly self-employed people will be breathing a sigh of relief today as the Chancellor confirmed that those who traded between and have completed a tax return for 2020 to 2021 are eligible for Covid subsidies. The group, which includes more than 600,000 people who went self-employed last year, was unable to access the first three … Read more
Campaigners have reacted with dismay to the news the Treasury does not plan to reduce the Lifetime Isa withdrawal penalty for another 12 months. The news means aspiring first-time buyers will again be charged their own money from April to raid their house or retirement deposits if they run into financial difficulty and need to … Read more
Business has been placed at the heart of today’s Budget and the Chancellor has announced a number of sweeping changes to try and bolster jobs and investment up and down the country. Among a string of big-ticket announcements, we now know there’s a surprise new ‘super deduction’ plan on the way, corporation tax is going … Read more
Government to spend £20m on offshore wind farms and £5m on ‘hydrogen hub’: The Budget funding helping UK reach net zero emissions In Budget speech, Rishi Sunak says £20m will go to offshore wind technology Another £4.8m will support the development of a hydrogen hub in Wales The Government target is for the UK to … Read more
True scale of the underpaid state pension scandal revealed: Elderly women owed a staggering £3BN by DWP after our campaign unearthed the blunder Staggering bill for shortchanging women on their pension now revealed OBR includes figure for correcting state pensions in document accompanying today’s Budget It’s ‘truly mind-numbing’ says Steve Webb, who launched investigation … Read more
The Government has announced a tax raid on wealthy savers to help pay the huge bill it is running up to fight the Covid-19 pandemic. The pension lifetime allowance, the capital gains annual allowance and inheritance tax thresholds will be frozen until 2026, the Chancellor Rishi Sunak said in today’s Budget. The lifetime allowance, the … Read more
The Government has announced a plan to guarantee mortgages with five per cent deposits, encouraging banks to lend to those with smaller savings pots. In today’s Budget, Chancellor Rishi Sunak confirmed that the Government would back the home loans, which will be available on homes costing up to £600,000. The scheme will begin in April … Read more
Aston Martin is to launch a special edition 200mph F1-inspired version of its V8 Vantage to celebrate the British car-firm’s return to Grand Prix racing after a gap of more than 60 years. James Bond actor Daniel Craig and former 007 actress Gemma Arterton today unveiled the company’s new AMR21 Formula 1 race car that … Read more
The Treasury’s much anticipated ‘green savings bonds’ could be a major disappointment for rate-starved savers, amid projections that they could raise just a few billion pounds. Chancellor Rishi Sunak announced in the Budget that everyday Britons would be able to help fund the country’s green recovery from the pandemic through bonds offered by National Savings … Read more
Stamp duty holiday extension calculator: How much tax would you pay and what could you save? By Simon Lambert For This Is Money Published: 14:52 GMT, 3 March 2021 | Updated: 14:52 GMT, 3 March 2021 The stamp duty holiday deadline will be extended from 31 March to 30 June 2021, the Chancellor said today … Read more