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Sky News
Raft of tax cuts ‘for a new era’ include stamp duty cut for homebuyers
Income tax will be cut by one penny, Chancellor Kwasi Kwarteng has announced, as part of a raft of measures aimed at boosting economic growth.The reduction in the basic rate from 20% to 19% will be introduced in April 2023 – one year earlier than planned. At the same time, the 45% top rate of …
Business
Sky News
‘Biggest tax cuts for 50 years’ as chancellor wields knife in mini-budget
Income tax will be cut by one penny, Chancellor Kwasi Kwarteng has announced, as part of a raft of measures aimed at boosting economic growth.The reduction in the basic rate from 20% to 19% will be introduced in April 2023 – one year earlier than planned. At the same time, the 45% top rate of …
Business
Sky News
National Insurance calculator: See how you’re affected after rise is reversed
Chancellor Kwasi Kwarteng has announced that April’s National Insurance hike is to be reversed from 6 November.The 1.25 percentage point increase was introduced under former chancellor Rishi Sunak, but during the Tory leadership race Liz Truss pledged to change it. Use our calculator below to see how the change affects you: Flourish Due to your …
Business
Sky News
Stamp duty, energy bills and alcohol duty: The key mini-budget announcements
Here are the key points from Chancellor Kwasi Kwarteng’s mini-budget statement to MPs: • The basic rate of income tax will be cut to 19p in the pound from April 2023. Will mean 31 million people will be better off by an average of £170 per year.• The 45% higher rate of income tax is …
Business
Sky News
Boeing to pay $200m for misleading investors after 737 Max crashes
Boeing has agreed to pay $200 million (£178m) to settle allegations that it misled investors about the safety of its 737 Max plane. The model was grounded for 20 months back in 2019 after two fatal crashes – one in Indonesia and the other in Ethiopia – killing a total of 346 people. The Securities …
Business
Sky News
‘Widely reported’ stories claim Putin regime funded some fracking opposition, says Rees-Mogg
“Widely reported” stories have claimed some of the opposition to fracking for shale gas had been funded by Russian President Vladimir Putin’s regime, Jacob Rees-Mogg has said.As he was criticised by opposition and Tory MPs about his announcement to lift a ban on fracking in England, the business and energy secretary said he was “well …
Business
Sky News
Interest rates are high enough to dampen demand and cause financial pain for millions | Ed Conway
Before we get on to the Bank of England’s decision today we urgently need to clear something up. There’s a misconception which sometimes floats around at times like this, that while interest rates are on the rise, the fact that they’re so low compared with historical standards means there’s no reason to be concerned. You’ve probably …
Business
Sky News
Interest rates are high enough to dampen demand and cause financial pain for millions
Before we get on to the Bank of England’s decision today we urgently need to clear something up. There’s a misconception which sometimes floats around at times like this, that while interest rates are on the rise, the fact that they’re so low compared with historical standards means there’s no reason to be concerned. You’ve probably …
Business
Business Live
Jobs saved after £1m white goods repairer JK Domestics acquired out of administration
Jobs have been saved after a white goods repair company in Liverpool was acquired out of administration in a pre-packaged deal. A total of 17 roles have been secured after the deal for Wavertree-based JK Domestics was agreed by Begbies Traynor. The business offered repair services on white goods across the region and was founded …
Business
Business Live
The mini Budget: Businesses tell us what they want to happen on rates, VAT and NI
A cut to Business Rates and VAT tops the wish list from businesses ahead of the mini Budget on Friday. Many have welcomed the pledge to cut energy bills up to a half laid out by the six-month Energy Bill Relief Scheme, but firms want longer term and wider support to survive rising inflation, staffing …
Business
Business Live
Group co-founded by Dragons’ Den star Steven Bartlett invests in agency focused on stopping greenwashing in advertising and media
A communications group co-founded by Dragons’ Den star Steven Bartlett has invested in a creative agency focused on stopping greenwashing in the advertising and media industries. Flight Story, which has offices in London and Manchester, has backed Poole-based Nuevo. The financial terms of the deal have not been disclosed. Nuevo’s clients include Canada Goose, Extreme-E, …
Business
Business Live
‘Decisive action, clarity and simplification’ or ‘smoke and mirrors’: North West business leaders share views ahead of mini-Budget
North West business leaders have shared their thoughts ahead of the much-anticipated mini-budget that’s due to be revealed by Chancellor Kwasi Kwarteng tomorrow (Friday, September 23). The announcement will come after the government unveiled a new package of support aimed at helping households, businesses and public sector organisations with rising energy bills on Wednesday. This …

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