National insurance hike to spike UK firms just as they recover from Plan B and Omicron February 1, 2022 The national insurance hike is set to spike UK businesses just as they have recovered from the Omicron and Plan B-induced economic hit, reveals a fresh survey released today. Firms are deeply concerned that a combination of the national insurance (NI) hike and swelling energy bills will limit their capacity to survive, according to research [...]
Leading Vodafone shareholder backs activist Cevian’s campaign January 31, 2022 One of Vodafone Group's biggest shareholders has hailed an activist campaign aimed at improving the telecom firm's performance as "very sensible".
Nine out of ten Londoners can no longer afford the rent as demand for rooms goes through the roof January 31, 2022 Insurance giant Admiral has warned that nearly nine out of ten Londoners can no longer afford the average cost of rent in the capital. The demand for rooms to rent is much higher than the available supply, thereby leading to such increases that most Londoners cannot keep up with, the company cited as the main [...]
Households braced for mortgage shock ahead of rates hike as cost of living crisis deepens January 31, 2022 Fresh warnings over the cost of living have been issued as millions of households could face a huge mortgage shock. Trade body UK Finance has said one in four mortgage borrowers on variable rate deals will be affected by an anticipated rates rise, The Telegraph first reported. The Bank of England is anticipated to hike [...]
Johnson eyes measures to help families deal with rising energy bills January 31, 2022 Boris Johnson and Rishi Sunak are set to agree upon a package of measures this week designed to ease the burden of incoming energy bill hikes next month for low-income households. The pair are expected to only target support for millions of low-wage workers, pensioners and unemployed people, with three existing schemes to be extended [...]
Boss gives entire company pay rise to cover hike in national insurance January 31, 2022 With confirmation that Boris Johnson will be raising National Insurance by 1.25 per cent this April, a digital marketing company told City A.M. this morning it will give its entire workforce a pay rise to cover the drop in income. The founder of 71a, Edward Newman, has promised every member of his team a pay rise [...]
Vodafone feels the pressure after activist investor Cevian builds a stake January 31, 2022 Voadafone is expected to speed up an organisational overhaul after it was revealed that a notorious activist investor had taken a stake in the firm.
Typical British household pays over £1m in taxes in their lifetime… before national insurance hike January 31, 2022 The average household in the UK pays over £1m in taxes in their lifetime even before the national insurance hike comes into effect, reveals a fresh study released today. The new research underlines the heavy tax burden Brits are already shouldering even before the 1.25 percentage point national insurance hike takes effect in April. According [...]
National insurance doesn’t deserve its dishonest name nor the money of the poorest January 31, 2022 National Insurance is misnamed. It is not an insurance, nor is it hypothecated for any specific welfare benefits. It is a tax, the proceeds of which go into the general revenues that finance government expenditure. At its outset in 1911 it was regarded as insurance against sickness and unemployment, and even when enlarged in 1948, [...]
Editorial: These “tax-cutting Conservatives” seem very keen on hiking taxes January 30, 2022 If it quacks like a high-tax duck and talks like a high-tax duck, it is difficult to believe that it is fact anything but a high-tax duck. So it is with Boris Johnson and Rishi Sunak, who professed this weekend to be “tax-cutting Conservatives” in a column confirming they were dead set on hiking national [...]