[ Liz Truss has not ruled out running again to be leader of the Conservative Party despite being forced to quit days into her premiership. The former prime minister said she has “unfinished business” in politics and left the door open to a future bid to be Tory leader. She also said she wanted to … Read more
[ The Government is set to collect record inheritance tax receipts this year, according to the latest figures. The Treasury is on course to collect record receipts of £7.54bn, passing the previous record take £7.1bn collected last year. HM Revenue & Customs data for April 2023 to February 2024 showed it hauled in £6.8bn inheritance … Read more
[ Economists have urged Jeremy Hunt not to make spending reductions to fund tax cuts in the Budget, warning that the UK is “not in a good place” to do so. Mr Hunt is considering funding tax cuts in the March Budget with future spending cuts, as part of efforts to bring down the tax … Read more
[ A wealth tax on high-value assets could be imposed by Labour to raise cash for public services, says former leader Neil Kinnock. Despite shadow Chancellor Rachel Reeves’s reluctance to increase income tax or reverse the cut in national insurance, he said there were still ways to find money for public spending. If Labour were … Read more
[ Jeremy Hunt has hinted there could be more tax cuts in the Spring Budget during a major speech. The Chancellor said at the World Economic Forum in Davos that “low-tax economies are more dynamic, more competitive and generate more money for public services like the NHS”. He added “the direction of travel” was for … Read more
[ Jeremy Hunt has hinted at major tax cuts in the next Budget, as the Conservatives ramp up efforts to woo voters ahead of the next general election. The Chancellor said “the direction of travel” was for the UK to emulate successful low-tax economies, and that those countries were more dynamic” and “more competitive”. Speaking … Read more
[ Republican Chris Christie has announced he is ending his presidential campaign, just days before the primaries were due to kick off with the Iowa caucuses. The move came as a surprise, with the former New Jersey Governor insisting as recently as Tuesday night that he had no plans to leave the race, continuing to … Read more
[ For those who watched Mr Bates vs the Post Office, the ITV drama into the Horizon IT scandal, Fujitsu’s software system will forever be remembered as the blinking light menace lurking under sub-postmasters’ desks up and down the country. The devastating role that the computer programme played in destroying the lives of hundreds of … Read more
[ Inheritance tax is a tax on paid on the estate – essentially the property, money and possessions – of someone who’s died. The vast majority of the population do not pay inheritance tax at all because it’s only applied to estates over a certain threshold – the most recent statistics show less than 4 per … Read more
