Wall Street follows FTSE lower as traders mull US PCE inflation …
5 days ago · The FTSE 100 (^FTSE) and European stocks were lower on Thursday as the Institute for Fiscal Studies (IFS) warned that British households should brace for further tax rises. It came as chancellor Rachel Reeves unveiled £40bn of tax rises on Wednesday, in Labour’s first budget in 14 years. Paul Johnson, director of the IFS, said on Thursday ...
How employer national insurance changes will impact your pay
5 days ago · The chancellor on Wednesday unveiled plans to increase employer national insurance contributions (NICs) by £25bn. Employers’ national insurance contributions will rise by 1.2 percentage points to 15% from April 2025. The threshold at which companies start to pay contributions on an employee’s salary will also be lowered from from £9,100 ...
What the budget means for your pension - Yahoo Finance
6 days ago · As widely expected, the chancellor has confirmed that the state pension will rise by 4.1% from April in line with the triple lock. This will increase a full new state pension to £230.30 a week — £11,975 a year. Meanwhile the full, old basic state pension will go up to £176.45 a week. That will take it to £9,175 a year. Story continues. Terms.
UK government bonds extend sell-off after Reeves' first budget
5 days ago · UK government bonds extended their sell-off on Thursday as investors continued to mull the implications of the first Labour budget in 14 years. In recent weeks, bond markets have had to digest fluctuating oil prices, changing Federal Reserve interest rate expectations and uncertainty about the looming US election result.
When is the 2024 budget? Everything you need to know - Yahoo …
6 days ago · The Labour government's upcoming autumn budget will be one of the most closely watched in recent years. Consumer confidence has fallen sharply as households wait to find out how their finances will be affected by any changes. Prime minister Keir Starmer has also signalled that it will involve painful decisions and people will need to “accept ...
Reeves announces £40bn tax hike in UK budget - Yahoo Finance
6 days ago · Chancellor Rachel Reeves has announced £40bn in tax hikes in the autumn statement, with businesses paying for more than half. In the first budget ever delivered by a female chancellor, and the first Labour financial statement since 2010, Reeves said: “This is a moment of fundamental choice for Britain."
EU slaps tariffs on Chinese EVs, risking Beijing backlash - Yahoo …
6 days ago · The European Union has decided to increase tariffs on Chinese-built electric vehicles to as much as 45.3% at the end of its highest profile trade investigation that has divided Europe and prompted retaliation from Beijing. Just over a year after launching its anti-subsidy probe, the European Commission will set out extra tariffs ranging from 7.8% for Tesla to 35.3% for …
Pound scrapes back losses after budget whiplash - Yahoo Finance
5 days ago · The pound (GBPUSD=X) pared back losses on Thursday, trading around $1.2982 during early European trade. Sterling plunged against the dollar in the previous session, following the release of the UK's autumn budget and the latest GDP figures from the United States. The pound was up by just 0.1% as the initial reaction to the Labour government's ...
Estee Lauder pulls annual forecasts on uneven China recovery, new …
5 days ago · (Reuters) -Estee Lauder shares slumped as much as 27% on Thursday, after it pulled its annual sales and profit forecasts and cut its dividend as it faces an uncertain outlook in China. The drop in shares would be the largest one-day fall in the stock's history, as the company aims to kickstart a turnaround with its new CEO Stephane de La Faverie, set to take over on …
7 haunted historic homes and castles with ghostly reputations
6 days ago · 3. Chillingham Castle, Northumberland. Chillingham Castle has belonged to one family for about eight centuries. ·Nick Scott. Constructed as a monastery, this ancient fortress has been in the same family for nearly 800 years. Following restoration in the 1980s it opened to the public and includes state rooms, a dungeon and torture chamber.