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DARK SECRETS: 29 | Rare Historical Photos

UK’s top 0.1% earners have annual income of over half a million, says IFS

Institute for Fiscal Studies report finds highest-paid earners benefit from lower tax rates open to business owners

The Guardian - UK

6 new tax year blows hitting your money today - from NI payments to pensions

The new tax year begins on Wednesday, April 6, with important changes to taxes, pensions, student loans and statutory sick pay. Here's what's happening

Daily Mirror

Committee to study elephant deaths lacks field biologists, veterinarians

Three IFS officers and a NGO representative are the members

The Hindu

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Allegations of forest officials’ transfer baseless: Minister

Saseendran says no official in IFS cadre promoted

The Hindu

Middle earners hit by Covid pandemic income blow

Workers on middle and higher incomes saw their incomes fall during the first year of the Covid-19 pandemic, according to new analysis released on Thursday.

Evening Standard

Nissan Lets Dealers Charge, Finance Up To $2,500 On Some Lease Buyouts

The costs are for customer-approved repairs needed to achieve CPO status when using the lease purchase option.

Motor1

Jacob Rees-Mogg says Ukraine war shows Partygate scandal was just ‘fluff’ – as it happened

Brexit minister says people will find Partygate scandal ‘fundamentally trivial’ in the context of war in Ukraine

The Guardian - UK

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Tax rise due to be £12.5bn bigger than expected amid inflation surge, says IFS

An income tax freeze is now expected to mean a £20.5 billion tax rise, the Institute for Fiscal Studies said.

The Independent UK

Senior teachers will endure long pay freeze under DfE plans, study finds

Pay rise for new teachers will come at expense of much lower increases for those with experience

The Guardian - UK

Sunak ‘must choose’ between spending hike or worst drop in living standards in 50 years, IFS warns

The chancellor faces a stark decision between higher borrowing or an average earner being £800 worse off, the economic think tank says

The Independent UK

Sunak faces choice of worst hit to households since 1970s or spending hike, IFS warns

The chancellor faces a stark decision between higher borrowing or an average earner being £800 worse off, the economic think tank says

The Independent UK

Student loan changes hit lower earners harder than first thought – IFS

Institute for Fiscal Studies says graduates face paying extra £28,000 towards their loan over their lifetime

The Guardian - UK

Poorer graduates ‘to be hit even harder by student loan threshold change’

The Institute for Fiscal Studies pointed to a ‘crucial tweak’ in the policy’s supporting documents.

The Independent UK

England student loan changes will hit poor hardest, official analysis finds

Critics say plans among ‘most regressive yet’, while high-earning borrowers ‘stand to benefit substantially’

The Guardian - UK

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Daily Record

People of working age saving for retirement could lose money by not moving older pension pots

Employees in their 50s could be losing out on as much as £2,400.

The Guardian - UK

Ministers ‘quietly tighten financial screws’ on students in England – IFS

IFS paper shows how inflation is eroding loans and fees enabling government to claw back £2.3bn

The Independent UK

Britain must choose between decades of higher taxes and cutting back welfare state, top economist warns

Exclusive: Britain must address an annual spending black hole of around £60bn in the years ahead, according to the IFS

Daily Mirror

10 reasons Levelling Up White Paper has been blasted for letting down Brits

The Levelling Up White Paper was finally unveiled by Michael Gove and the government today with great fanfare - but it comes two years after Boris Johnson's pledges, throws it forward to 2030 and has no new money. Here are the biggest problems, according to its critics

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The Independent UK

Funding is key issue for levelling up, say analysts

Policy experts have broadly welcomed the Levelling Up White Paper, but questioned whether there would be enough money to achieve its aims.

The Independent UK

Levelling-up plan will change country’s economic geography, says Gove

The Government’s paper for improving opportunities outside the south-east of England is expected on Wednesday.

The Independent UK

Levelling up efforts could fail the poorest, IFS warns

A focus on place over poverty could prevent the government from achieving its aims of boosting life chances for all citizens, a leading economic think tank has warned

Wales Online

Pension savers ‘could lose thousands of pounds by not moving older pots’

Some older pensions risk being poor value for money as the fees charged are often relatively high, the IFS warned

Daily Record

Older people working longer due to recent State Pension age changes putting retirement on hold

By mid-2021, the male employment rate at age 65 rose to 42% and the female rate to 31%.

Nottingham Post

DWP State Pension: Low earners ‘more likely to work for longer due to rising age’

Combined, 65-year-olds are working an additional 1.8 million hours per week

The Independent UK

Low earners ‘more likely to work for longer due to rising state pension age’

Sharp increases in employment at the age of 65 have been seen in poorer areas in particular, the Institute for Fiscal Studies said.

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