, two people familiar with the matter said, a move that would hit shareholders and owner-managers of businesses. It’s currently set at £2,000, but reducing it to £1,000 would raise about £455-million a year, according to Treasury calculations.Financial TimesHunt is expected to maintain the foreign aid budget at 0.5% of GDP for another two years, instead of increasing it to 0.7% in 2024-25 as Sunak had previously promised. The UK had spent 0.
Hunt and Sunak have a major decision to make about the bank surcharge, which is an 8% levy on bank profits in addition to the standard corporation tax rate. As chancellor, Sunak had said he would cut the 8% levy to 3%, because corporation tax is due to rise from 19% to 25% and he didn’t want the UK’s banking sector to become uncompetitive., citing unidentified government officials.
Sunak and Hunt plan to reveal a stealth tax raid on pensions later this month, with the pension lifetime allowance set to be frozen for two more years, the Telegraph newspaper reported. A rise would be in line with prices delayed from 2025 to 2027, meaning 2 million savers now face tax charges of up to 55% on their retirement funds by the end of that period, according to expert analysis.
Nederland Laatste Nieuws, Nederland Headlines
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Police hunt for suspects following the murder of six people in Eastern Cape - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Police in the Nelson Mandela Bay Metro are on the hunt for an unknown number of suspects for the murder of six people in New Brighton. If you need a gardner, handyman or cleaner, please consider me 🙏. You can even use me as a servant boy doing any odd jobs 🙏. Just as long as I feed my family. My children have been sleeping hungry for almost a week now and I feel helpless as a father💔😔 Mess murder is becoming common thing in this country, criminal syndicates are having a field day especially in the Western Cape and KZN township, now this trend is moving to Eastern Cape. Soon it will become common in Gauteng SAPoliceService
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