‘More spending must require more tax’

New Chancellor Rishi Sunak must raise taxes in his first Budget if the Government is to stick to its own borrowing rules. The Institute for Fiscal Studies (IFS) warned that "radical changes to taxes" are needed to increase funding for the NHS and social care. However,...

‘Steady decline’ in self-employed savers

The number of self-employed people actively saving into a pension has decreased steadily over the last decade, according to the Department for Work and Pensions (DWP). The annual automatic enrolment report, published yesterday, found that the number of self-employed...

Fake HMRC emails still a problem

To help people avoid phishing scams, the tax authority has issued an updated list of genuine contacts you might receive from HMRC in the coming months. The period from April to May is a particular hotspot because that's when tax rebates are processed, making fake...

Regulator warns of help-to-buy equity loan risk

First-time buyers who used a help-to-buy equity loan to get on the property ladder are being warned over the risks of getting into negative equity. The Financial Conduct Authority (FCA) claimed the scheme potentially exposes borrowers to any changes in economic...

SMEs reveal Spring Budget wishlist

Small businesses want lower business rates and a delay to the off-payroll rules extending to the private sector in next month's Spring Budget. A report from the Federation of Small Businesses (FSB) claimed new chancellor Rishi Sunak has a chance to "illustrate his...