Zero-hour workers hit by £1,000 “precarious pay penalty”

Zero-hour workers hit by £1,000 “precarious pay penalty” So the think tank compiled a like-for-like analysis comparing workers on zero-hours contracts with those doing similar jobs but as conventional staff, and found the standard zero-hours employee suffered a “precarious pay penalty” of 6.6 per cent associated with zero-hours work itself, amounting to £1,000 a year. Those in the very lowest paying jobs received 9.5 per cent less.Read more: Nearly three per cent of UK workers are now on zero-hours contractsZero-hours contracts don’t guarantee work, which some argue gives workers flexibility, though others say it leaves individuals too vulnerable, with employers holding the control over hours offered.Around 2.9 per cent of workers are on these contracts, though they’re becoming a more common feature in Britain’s employment scene.Laura Gardiner, senior policy analyst at the Resolution Foundation, said: “Zero hours contracts have hit the headlines in recent months for their widespread use in Sports Direct and JD Sports. But concern about the use and abuse of zero hours contracts goes far wider than a few notorious firms. There is mounting evidence that their use is associated with a holding down of wages.” whatsapp Friday 30 December 2016 8:27 am Read more: Protesters to target Sports Direct AGM over zero-hoursShe said that as shifts in the labour market continue and trends change, “we need a better understanding” of how everything from zero-hours contracts to the gig economy and wider self-employment “help or hinder people’s earnings and career prospects”. Workers on zero-hours contracts battle an average £1,000 “precarious pay penalty”, compared to those with traditional employment terms.According to the Resolution Foundation think tank, there is a notable pay penalty associated with such contracts. It said while zero-hours workers earn less than permanent employees; 38 per cent less on average, many people put this down to the jobs being concentrated in low-paying sectors and among the younger, less experienced staff. Rebecca Smith Share whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute Workoutinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.comSportPirateMeet The Woman Catherine Bell Is Dating At 52SportPirateMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift Verdictmoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical Matters More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comWhy people are finding dryer sheets in their mailboxesnypost.comConnecticut man dies after crashing Harley into live bearnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com read more

Economists following Bank of England’s lead raise UK growth forecasts

Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoBetterBe20 Stunning Female AthletesBetterBeUndoLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndoAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search AdsUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoDr. Marty3 Silent Clues Your Cat Asks For HelpDr. MartyUndo2021 Buicks | Search AdsIntroducing The Head Turning 2021 Buicks!2021 Buicks | Search AdsUndoLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthUndoWolf & ShepherdNFL Star Rob Gronkowski’s Favorite ShoesWolf & ShepherdUndo whatsapp Sunday 5 February 2017 6:56 pm whatsapp City economists are raising their predictions for the UK economy’s growth in line with the Bank of England’s more positive outlook.In a survey conducted by Consensus Economics, the average forecast for 2017 growth rose to 1.4 per cent, The Sunday Times reported today. Read This NextSmoking and Hair Loss: Are They Connected?VegamourHulu Promotes Sasha Silver to Head of DramaThe WrapIf You’re Losing Hair in This Specific Spot, It Might Be a Thyroid IssueVegamour’Strangers’: Netflix’s Dark Comedy Spin on Hitchcock Classic Rounds OutThe WrapWhat Causes Hair Loss? Every Trigger ExplainedVegamourTop 5 Tips If You’re Losing Your EyebrowsVegamourPeacock’s ‘Joe Exotic’ Cast and Their Real-Life ‘Tiger King’ CounterpartsThe WrapMumford & Sons Guitarist Winston Marshall Quits Band to ‘Speak My Mind’The WrapHow Often Can You Dye Your Hair?Vegamour Share Alys Key Economists following Bank of England’s lead raise UK growth forecasts The positive outlook is up from a low of 0.6 per cent in August. In September,forecasters did not expect GDP to rise above 0.8 per cent in any quarter of 2017.This reflects the mood of the Bank of England, which dramatically adjusted its predictions on Thursday to anticipate 2 per cent growth for the year.The Bank’s Monetary Policy Committee (MPC) had slashed expectations to 0.8 per cent after the EU referendum last June, but this was bumped up to 1.4 per cent in November.The changing expectations of the Bank and City economists come after strong consumer spending defied predictions of a post Brexit vote slowdown.UBS and Credit Suisse also altered their 2017 growth forecasts in line with the positive outlook, to 1.4 per cent and 1.3 per cent respectively. read more

Budget 2017: The government’s promised £500m to get young people into higher paying jobs in technical training shake-up

Sunday 5 March 2017 9:16 am Read more: Britain must recruit one worker every 77 seconds to meet construction needsThe reforms will follow the recommendations set out last year by Lord Sainsbury in his review of technical education.“Targeted investment of this type makes economic sense – our international competitors recognised long ago that investing in technical education is essential to enhancing national productivity,” he said.Hammond will also earmark £40m for exploring approaches to help adults re-train and learn new skills to keep up with the changing world of work Share The government is promising to invest £500m a year in technical training for young people to ensure they have the high level skills needed by businesses in the future, in a huge shake up designed to boost the country’s productivity.The radical overhaul of post-16 education will see a dizzying array of 13,000 different qualifications whittled down to 15 specific routes into professions by 2020, in areas such as engineering, design and construction with the goal of getting them into well-paid work. Lynsey Barber whatsapp More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comConnecticut man dies after crashing Harley into live bearnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com whatsapp The plans, hailed as the biggest shake-up in 70 years, will be announced in chancellor Philip Hammond in the Budget on Wednesday.Read more: The government’s tapping up Lloyds, Barclays and Google for digital skillsAnd businesses are “delighted” with the plans for so-called T-levels, said the Confederation of British Industry.”Increasing the number of teaching hours for technical subjects is fundamental to delivering world class training for our young people in every part of the UK,” said CBI director general Carolyn Fairbairn.“There has never been a more important time to address the UK’s skills shortages. Investment in skills by employers and the government, working together in partnership, are the key to giving young people the opportunities they need to succeed.” Budget 2017: The government’s promised £500m to get young people into higher paying jobs in technical training shake-up read more

Monzo and Revolut cardholders can’t use their cards and might not for the rest of the day due to supplier issues

Monday 6 March 2017 8:00 am Update: A fourth firm, Curve, has also been affectedUpdate: More than half a dozen firms have been affected – read the full story here – while Monzo has published a blog post explaining what has gone wrong to customers.Update: In its most recent update to customers, Monzo said card payments had started working again but topups, payments to other users and monzo.me were still not functioning.Update: Full service has been returned to Monzo early on Monday morning, with the majority of services also returned to other firms affected. Lynsey Barber “We will be conducting a full review of how and why this happened and what can be done, both us and the supplier, to ensure this does not happen again.”Many users on Twitter aired their annoyance with the disruption. However, one user even gave Monzo a thumbs up for its communication.”Thanks for the info, you’re the first bank I’ve used that give a push notification when stuff isn’t working. Thumbs up”. Update: A third startup in the fintech space, Loot, has also been affected. Share Monzo and Revolut cardholders can’t use their cards and might not for the rest of the day due to supplier issues whatsapp Monzo cardholders are unable to use the digital challenger bank to make payments or send money and might not be able to for the rest of the day.In a notification sent to customers, the startup said there have been issues since just before 10 am on Sunday morning due to one of its suppliers running “an unexpected large migration” with no estimate of when services will return. The issue is also affecting Revolut, another fintech startup which issues cards to customers. Both firms are advising customers to use another card and apologised for any inconvenience. “Your money is safe and this is only a temporary issue,” Monzo assured customers. whatsapp read more

Lloyds Banking Group kicks off £1bn share buyback programme

“In May the UK government completed the sell-down of its shares and the group returned to full private ownership,” he said. “This was enabled by the significant strategic progress and strong financial performance in recent years and was down to the hard work of all our people and I thank them for it.” by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeStunningTale.comCheck out How Famous Celebs Live in These Marvelous HomesStunningTale.comNinjaJournalistThe Biggest Weather Reporters on TelevisionNinjaJournalistOceandrawThe One And Only WD40 Trick Everyone Should KnowOceandrawLearn It WiseThis Harry Potter Star Is Now One Of Prettiest Girls In The WorldLearn It WiseMold Removal | Search AdsMold Could Be Harmful For You – Learn How You Can Remove It!Mold Removal | Search AdsPeople TodayWoman Wears Her Mothers Old Ring For 25 Year – She Screams When The Jeweler Tells Her ThisPeople TodayBathroom Renovations Near MeBathroom Remodeling Contractor Service Costs in Scottsdale Maybe Even More affordable than before. Explore Options!Bathroom Renovations Near MeDidUKnowUnsold 2018 SUVs Going for Pennies on the Dollar: Great For SeniorsDidUKnowCarammello14 smartest dog breeds – CarammelloCarammello Lloyds Banking Group kicks off £1bn share buyback programme Share The programme starts today and will wrap up no later than 4 February 2019, with the maximum consideration £1bn.Lloyds said: “The sole purpose of the programme is to reduce the ordinary share capital of the company.”Last month, the bank announced a new £3bn investment in a three-year strategy of upgrading its digital prowess as it seeks to cut costs and prepare for competition. It also announced a rise in profits, along with the £1bn share buyback.It wants to cut costs below £8bn by 2020, translating into cuts of £180m compared to 2017, while splashing out more on training and digitising the bank’s back office.At the firm’s full-year results, chief executive Antonio Horta-Osorio called 2017 “a landmark year for the group”. Rebecca Smith whatsapp whatsapp Thursday 8 March 2018 9:46 am Lloyds Banking Group this morning launched its £1bn share buyback programme, unveiled at its full-year results last month.The bank said it had entered into an agreement with UBS to carry out the share buyback programme on its behalf – and to make trading decisions under the programme independently. read more

Brits snub EU countries for summer holidays amid prolonged Brexit uncertainty, Thomas Cook reveals

first_img Brits snub EU countries for summer holidays amid prolonged Brexit uncertainty, Thomas Cook reveals More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.com Read more: Britons to get visa-free EU travel in no-deal BrexitWill Waggott, chief of tour operating, said that Brits’ desire to holiday abroad is “clear”, but warned: “The political turmoil is having an impact in other ways, revealing itself in a clear shift to non-EU countries.” Monday 29 April 2019 8:34 am Both Turkey and Tunisia have benefited from dwindling interest in the EU, the travel agent said today as it revealed close to half of its summer bookings are for countries outside the bloc.Thomas Cook blamed “political turmoil” from the Brexit negotiations for Brits snubbing traditional holiday hotspots, with non-EU destinations up 10 percentage points to account for 48 per cent of bookings.The travel firm said it was “clear that the prolonged uncertainty around the manner and timing of Britain’s exit from the European Union has led many to delay their decision on when and where they book for their summer holidays”.However, Spain remained Thomas Cook customers’ favourite country to visit, followed by Turkey, Greece, the US and Cyprus.Meanwhile most of the 3,422 survey respondents said they were still more likely to take a trip abroad than they were last year. Tunisia was also “faring well” as package holidays doubled year on year, after tourism to the country plummeted following the 2015 terrorist attack in Sousse, which claimed the lives of 38 people.The Foreign and Commonwealth Office lifted a travel ban against the country last year.Chief executive Peter Fankhauser said it was not yet clear how the latest delay to Brexit, bringing the UK’s departure to 31 October, could affect holidaymakers’ appetite for trips abroad.“It is too early to say what impact this will now have on consumer confidence,” he said, adding: “There is little doubt that the prolonged uncertainty around the manner and timing of Britain’s exit from the European Union has led many customers to press pause on their holiday plans for this summer.”Thomas Cook has suffered two profit warnings in the last six months as it experiences falls in holiday bookings. whatsapp Share Tags: Brexit Joe Curtis whatsapp Fewer Brits are travelling to EU countries for their summer holidays as the UK’s prolonged Brexit process has encouraged holidaymakers to expand their horizons, according to Thomas Cook.Read more: Tory party chairman hints at another Brexit votelast_img read more

Treasury Committee chair Morgan criticises government over economic crime reforms

first_imgWednesday 8 May 2019 7:15 am whatsapp whatsapp James Booth Tags: Trading Archive “It is disappointing that the government has chosen not to endorse the committee’s recommendation for the creation of a register of politically exposed persons (Peps). The reality for many firms is that they lack the resources to identify all those who may be considered to be a PEP. By not endorsing a central register, the government is making the work of especially smaller firms in preventing economic crime more difficult,” she said.Read more: Financial investment fraud cases jumped 74 per cent in 2018In its report the government said a centralised database would “lead to a less dynamic and appropriate treatment of Peps than under the current approach; the government therefore does not accept the committee’s recommendation.”Morgan welcomed the government’s acceptance of some of the Committee’s recommendations, such as its decision to reform Companies House.Read more: Fraud squad boss tells firms to keep hold of incriminating evidence Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikePast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryUndoFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleUndobonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comUndoDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyUndoHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGemUndoMisterStoryWoman files for divorce after seeing this photoMisterStoryUndoPost FunThe Deadliest Snakes Ever Found On The PlanetPost FunUndo Treasury Committee chair Morgan criticises government over economic crime reforms Business minister Kelly Tolhurst unveiled a package of reforms to Companies House on Sunday, with the aim of helping tackle economic crime by increasing the traceability of company ownership and management.Morgan said: “The recent announcement of a consultation into the reform of Companies House is timely, and the government should be ambitious in the new powers and resources that it proposes to provide to this vital component of the UK’s defence against economic crime.” More From Our Partners Matt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comConnecticut man dies after crashing Harley into live bearnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com The chair of the Treasury Committee Nicky Morgan MP criticised the government today for failing to create a register of politically exposed persons to help fight economic crime.Morgan was commenting on the government’s response today to the Committee’s recent report on economic crime.last_img read more

The summer is over, now it’s back to Brexit

first_imgNext week, MPs return from the summer recess and both the Brexiter and Remain sides are rallying their troops for the autumn battle. After a summer of insults and infighting, opponents of a no-deal Brexit (including Labour, the Liberal Democrats, the SNP, and some independents and Tory rebels), yesterday appeared to be solidifying around a plan. City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. This would require seizing control of the parliamentary agenda and passing a new law, perhaps to compel the Prime Minister to seek yet another Article 50 extension, as we saw in April. A confidence vote is being kept on the table as a back-up plan, should that fail. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyUndoNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyUndoPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryUndoYourDailyLamaHe Used To Be Handsome In 80s Now It’s Hard To Look At HimYourDailyLamaUndobonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comUndozenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comUndoPost Fun25 Worst Movies Ever, According To Rotten TomatoesPost FunUndoMisterStoryWoman files for divorce after seeing this photoMisterStoryUndoOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndo The board is set, the pieces are moving, to quote Gandalf from The Lord Of The Rings. And the Prime Minister’s office is working furiously to show that a deal remains a viable prospect. The encouraging noises that came out of the G7 over the weekend may have helped quell the fears of some critics in the Tory party that the Prime Minister is hurtling towards no-deal. Whether this is a serious endeavour or a ploy to keep Tory rebels on-side for the time being remains to be seen. But with just 64 days to go until the deadline and all still to play for, one wonders whether MPs on all sides might consider skipping the traditional three-week recess for party conference season in order to get some work done instead. Share TOPSHOT – An anti-Brexit demonstrator waves a Union flag alongside a European Union flag outside the Houses of Parliament in London on March 28, 2018. – With Britain just a year away from leaving the European Union, the transition deal agreed between the two sides is viewed as a key element to absorbing the Brexit shock. British Prime Minister Theresa May kick-started divorce proceedings one year ago, and March 29, 2019, has since been set as the date the UK will leave the bloc. (Photo by Tolga AKMEN / AFP) (Photo credit should read TOLGA AKMEN/AFP/Getty Images) The Brexiters in Downing Street, however, are prepared. Over the weekend, reports surfaced that the government was seeking legal advice on proroguing parliament almost as soon as it resumes, to prevent Remain MPs from enacting their plan. center_img While Number 10 denied this, Johnson and members of his top team have repeatedly refused to rule it out. The message they are preparing is that, if parliament is going to insist on blocking “the will of the people” (defined as leaving the EU on 31 October without a deal), the government will simply ignore parliament. In the background, meanwhile, Downing Street is ramping up preparations for a snap election. whatsapp Wednesday 28 August 2019 5:40 am Rather than arguing about who would be a caretaker Prime Minister were Boris Johnson to be toppled in a vote of no confidence, the new strategy is to focus on blocking no-deal by passing legislation. Main image credit: Getty The plausibility of either the government proroguing parliament or MPs taking control remains unknown. Britain has not been through quite this kind of constitutional conflict before – with parliament and the government so at odds, both claiming democracy is on their side – and it is uncertain where power lies. Rachel Cunliffe The summer is over, now it’s back to Brexit Opinion whatsapplast_img read more

Number of taxpayers falling six months behind on bills increases

first_imgResearchers said the struggling UK economy has had a direct impact on people paying their bills on time. Those with volatile income such as the self-employed are particularly at risk, said researchers, while personal insolvencies have risen by 14 per cent in the last year. Alex Daniel whatsapp HMRC will not apply a late filing penalty to those who file their tax return by 28 February. The number of British taxpayers who are falling well behind on their tax bills has continued to climb, according to research. Share Methods such as the so-called direct recovery tactic, in which HMRC is able to take money directly from people’s bank accounts, were highlighted. Monday 9 September 2019 12:01 am Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyUndoFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterUndoNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyUndoPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryUndozenherald.comDolly Finally Took Off Her Wig, Fans Gaspedzenherald.comUndoMisterStoryWoman files for divorce after seeing this photoMisterStoryUndoYourDailyLamaHe Used To Be Handsome In 80s Now It’s Hard To Look At HimYourDailyLamaUndobonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comUndoPost Fun25 Worst Movies Ever, According To Rotten TomatoesPost FunUndo More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org About 117,000 people are now more than six months behind, according to accountancy Moore Stephens, meaning they have received the second of two penalties of five per cent of the tax they owe. This time last year, the figure was 110,000 people.center_img Moore Stephens said HM Revenue and Customs’ (HMRC) methods of collecting taxes are likely to increase financial stress for those who can not pay up. “HMRC must look again at how it can proactively help taxpayers manage their payments without large fines. A quicker process to agree a ‘standstill’ on a bill would help” Woodgates said. As well as the overall 10 per cent penalty, late payment interest charges are also slapped on. When they reach 12 months, taxpayers are hit with another five per cent charge. Read more: Should there be a cap on inheritance tax breaks available to wealthy families? Government ‘must look again’ at how to help taxpayers whatsapp Main image: Getty Number of taxpayers falling six months behind on bills increases Moore Stephens tax specialist Tim Woodgates said: “The steady flow of people getting in trouble with their tax bill has suddenly picked up a pace. That’s a real problem as the charges they are incurring are just going to push them even further into arrears.”  Read more: Boris is right to question the nanny-state impulse to tax our milkshakes Tags: Taxlast_img read more

Boris Johnson facing cabinet revolt over no-deal Brexit fears

first_imgHealth secretary Matt Hanock, Culture secretary Nicky Morgan, Northern Ireland secretary Julian Smith, Justice secretary Robert Buckland and attorney general Geoffrey Cox are all on a “resignation watch list”, the Times reported. Yesterday, The European Council president Donald Tusk hit out at Boris Johnson for trying to win “some stupid blame game” after antagonistic briefings emanating from Number 10. whatsapp Individual MPs are considering running on a softer Brexit platform or even standing aside as Conservative candidates, the report said. Prime Minister Boris Johnson is reportedly facing a backlash from his cabinet with a group of ministers poised to resign over concerns the UK is heading for a no-deal Brexit. Separately, the Financial Times reported today that at least 50 Tory MPs will revolt against a general election manifesto pledging to pursue a no-deal Brexit. Wednesday 9 October 2019 7:34 am While yesterday, Number 10 briefed that a Brexit deal was essentially impossible, following a call with Johnson and German chancellor Angela Merkel, blaming the EU’s tough stance. Ministers reportedly warned Johnson about the “grave” risk of the return of direct rule in Northern Ireland and criticised Johnson’s key adviser, Dominic Cummings. “Cabinet will set the strategy, not unelected officials. If this is an attempt to do that then it will fail”, the Times quoted another cabinet minister as saying. An anonymous cabinet minister quoted in the report said a “very large number” of Conservative MPs were prepared to quit in the event of a no-deal Brexit. Read more: Brexit deal ‘overwhelmingly unlikely’, Merkel tells PMcenter_img On Tuesday, a senior Downing Street source told the Spectator that countries that support a delay to Brexit “will go to the bottom of the queue” when negotiating the UK’s future relationship. Share James Booth Read more: Donald Tusk slams Johnson over ‘stupid blame game’ whatsapp Boris Johnson facing cabinet revolt over no-deal Brexit fears by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past Factorybonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comMisterStoryWoman files for divorce after seeing this photoMisterStoryYourDailyLamaHe Used To Be Handsome In 80s Now It’s Hard To Look At HimYourDailyLamazenherald.comDolly Finally Took Off Her Wig, Fans Gaspedzenherald.comJournalistateTeacher Wears Dress Everyday, Mom Sets Up CamJournalistateNinjaJournalistMichael Jordan’s Divorce Settlement Has Finally Been Revealed.NinjaJournalist The threatened rebellion comes as the rhetoric between the EU and UK heats up. More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orglast_img read more