Financial news

• The Guardian view on the employment rights bill: a fairer deal for the world of work | Editorial

  10-10-2024 19:36 via theguardian.com
  
  Britain’s approach to workers’ rights has been stuck in the past for too long. Labour’s plans can bring the law into the modern eraLabour’s general election manifesto said the government would introduce its workers’ rights package within its first 100 days. On Thursday, on day 97, it fulfilled that promise. Parliament will debate the newly published employment rights bill on Monday week. Even so, this is only one stage in a longer workplace reform journey takin
  
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• Portugal proposes decade of tax breaks for young people to stem brain drain

  10-10-2024 18:04 via theguardian.com
  
  Measure government says will help up to 400,000 people included in budget after negotiations with opposition SocialistsPortugal will attempt to stem the country’s brain drain by offering young people a decade of progressive tax breaks that would see them paying nothing at all in their first year of work.The centre-right minority government of Luís Montenegro is ditching a proposed 15% cap on income tax for 18- to 35-year-olds and replacing it with a progressive scheme similar to one
  
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• UK must prepare for widespread road pricing, says infrastructure tsar

  10-10-2024 18:03 via theguardian.com
  
  Sir John Armitt says charging per mile ‘inevitable’, with move to electric vehicles likely to create £35bn tax shortfallBritain must prepare for the widespread use of road pricing to make up a £35bn shortfall in tax revenues from the transition to electric vehicles, the country’s top infrastructure adviser has said.Sir John Armitt, the chair of the National Infrastructure Commission (NIC), said it was time for a “proper public debate” about the future fu
  
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• State pensioners earning £1,068 warned they owe tax to HMRC

  10-10-2024 16:51 via express.co.uk
  
  State pensioners who earn £1,068 or more have been warned they will owe money to HMRC this year.
  
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• HMRC issues urgent update for millions of UK taxpayers as crucial deadline looms

  10-10-2024 16:51 via express.co.uk
  
  HMRC has shared some crucial guidance for those needing to file a tax return.
  
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• TSB pays customers £429 each after credit card and loan mistakes

  10-10-2024 16:31 via express.co.uk
  
  TSB customers impacted by the bank's mistakes have been paid an average of £429 each in redress.
  
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• Steph McGovern reveals top tips for Appiest households

  10-10-2024 16:12 via express.co.uk
  
  Finance expert, Steph McGovern, has shared her top tips to help you make the most out of smartphone apps to save money, time, and energy.
  
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• Rachel Reeves considers raising capital gains tax to 39%

  10-10-2024 16:00 via theguardian.com
  
  Exclusive: Rates of 33% to 39% being tested as Treasury source says tax-raising plans are in ‘complete disarray’Rachel Reeves is considering raising capital gains tax as high as 39% in the budget, the Guardian can reveal, amid a scramble to raise funds for crumbling public services.Treasury modelling being reviewed by the chancellor and seen by this newspaper shows officials are testing a range of 33% to 39% for capital gains tax (CGT). Continue reading...
  
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• Martin Lewis urges people born in these years to claim £2,212 from HMRC

  10-10-2024 15:41 via express.co.uk
  
  Martin Lewis is telling people they have £2,212 each on average waiting for them from HMRC.
  
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• Workers to lose £754 each with government U-turn on income tax promises

  10-10-2024 14:24 via express.co.uk
  
  Workers could lose up to a maximum of £754 each if a cut is reversed.
  
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• State pensioners born before these years handed £2,991 pension boost

  10-10-2024 14:01 via express.co.uk
  
  State pensioners born before these years could get a much needed £2,991 boost to their state pension.
  
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• Trick to saving up to £1,420 on punishing credit card interest bills

  10-10-2024 13:49 via express.co.uk
  
  Currently half of all credit card customers are paying interest on their borrowing every month with many paying sky high interest rates of more than 30 percent.
  
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• Ministers urged to introduce rent caps to tackle housing crisis in England

  10-10-2024 10:27 via theguardian.com
  
  Exclusive: Letter from union leaders and renters’ groups urges government to tackle root cause of unaffordable rentsUnions are calling on ministers to undo “years of damage to the housing sector” by the previous Conservative government and honour its pledge to tackle the housing emergency by introducing a form of rent cap.Steve North, the president of Unison, the UK’s largest union; Mick Lynch, the general secretary of the Rail, Maritime and Transport union (RMT), and Mat
  
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• Northern criticised after young people prosecuted for peak-time railcard use

  10-10-2024 07:00 via theguardian.com
  
  Rail users say exceptions to rules that allow some peak-time use of railcards are confusingThe train operator Northern has been criticised for prosecuting young people, leaving some facing bills of hundreds of pounds, after they have used their railcards to save just a few pounds on morning journeys.Restrictions on a 16-25 railcard, which can also be bought by full-time students, mean that discounts can only be applied to an “anytime” ticket before 10am if the fare is £12 or mo
  
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• Labour’s employment rights bill: what key changes will it bring?

  10-10-2024 01:01 via theguardian.com
  
  Improvements to workers’ rights to include day-one universal sick pay and an end to zero-hours contracts and fire and rehireLabour’s employment rights bill is the biggest step towards enacting one of its key election offers: to make sweeping changes to rights at work and improve pay. Here are the main details of the legislation, though much of it will take more than two years to consult on and implement.Guidance – but not legislation – on the right to switch off, preventi
  
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