i Front Page 22nd of October 2024
Under the proposed Budget plan by Rachel Reeves, nearly nine million individuals, including teachers and nurses, are expected to be affected by a 40% tax rate due to frozen income tax thresholds extending to 2030.
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The i newspaper reports on deepening “mortgage pain” as the Bank of England’s expected interest rate rise “sparks new recession fears”. The assumption is that interest rates will rise by 0.25% to 4.75% today but some are suggesting they could go up to 5%. Rising rates mean homeowners are facing big increases in mortgage payments – and the paper reports “panicked” borrowers are pleading for help from mortgage brokers.
i Front Page 21st of October 2024
The i highlights a former defence minister’s warning about a critical gap in the UK’s defence capabilities, which could impede its ability to defend against missile attacks.
i Front Page 19th of October 2024
Rachel Reeves plans to freeze income tax thresholds beyond 2028, potentially resulting in millions of workers paying more as salaries increase in line with inflation.
i Front Page 18th of October 2024
Labour ministers in the UK are expressing concerns over proposed public service budget cuts, accusing Downing Street of complacency, and highlighting the potential impact on government services.