£20bn hit to the UK economy from Donald Trump’s planned …
5 days ago · (REUTERS) Donald Trump’s plan to impose tariffs on US imports will hit the UK economy to the tune of £20bn, according to research.. Mr Trump has said he plans on introducing a 20 per cent levy on most imports to the US in order to help out domestic businesses, with 60 per cent on imports from China.. That will trim the UK’s economic output by 0.9 per cent by the …
Energy bills could rise from new year in surprise hike, analysts warn
5 days ago · A fall in energy bills is expected to drive a decrease in the rate of inflation for July (Yui Mok/PA) (PA Wire) Energy bills could rise from January 1 as rising wholesale costs push up prices for homeowners.. According to analysts at Cornwall Insight, prices will rise 1 per cent, or about £19, to £1,736 a year for the typical home.
Inheritance tax: How out of pocket will farmers actually be?
5 days ago · The government wants farmers to pay the tax on assets above £1m apiece at a reduced rate of 20 per cent.. The allowance comes on top of the £500,000 a typical homeowner gets if they leave their home to their children or grandchildren, so a married couple can shelter up to £3m from HMRC, a sum which will exclude most farms.
Commonwealth Bank warning for mortgage holders waiting for …
4 days ago · Commonwealth Bank said the RBA minutes created "more uncertainty" over when the it will begin cutting interest rates. · Source: AAP Commonwealth Bank said there is now “more uncertainty” over when the Reserve Bank of Australia (RBA) will begin cutting interest rates, as another bank pushes back its rate cut forecast.The central bank has left the cash rate on hold …
Markets look to Howard Lutnick, other Trump economic picks for …
4 days ago · Indeed, reactions to the ongoing selection process suggest that markets have plenty of questions about the market-friendliness of Trump's coming administration, with his treasury pick set to be taken as a key signal there.. And Tuesday offered at least one clue about the direction, one of the tariff-friendliest candidates, Cantor Fitzgerald CEO Howard Lutnick, being …
My Trump trade went bust — with a consolation prize - Yahoo …
5 days ago · The most direct Trump trade was a bet on the shares of Trump’s own company, Trump Media & Technology Group, known by its ticker symbol DJT.A Trump win could boost the fortunes of the flagging Truth Social network, while a …
Major superannuation changes revealed as Australia reaches …
4 days ago · Treasurer Jim Chalmers has flagged much-needed changes to the superannuation system are coming. (Source: Getty) Treasurer Jim Chalmers has flagged that Australia's superannuation system is reaching a "pivotal moment" amid changes coming to the retirement sector. Retirees will soon be able to benefit from different payment types and money-back …
Changes to super to bolster transparency and quality
4 days ago · The superannuation industry will also be subject to a new set of voluntary best practice principles to improve the quality of their offerings, while a new reporting framework will allow retirees to see how their super products are performing and compare it to others.
Walmart raises guidance after another strong earnings report …
4 days ago · Walmart logo is seen on a truck semitrailer on the highway in United States on July 12, 2024. (Photo by Jakub Porzycki/NurPhoto via Getty Images) · NurPhoto via Getty Images Walmart US saw same-store sales jump 5.3%, driven by more foot traffic, up 3.1% and a higher average ticket, up 2.1%.
Inflated farmland prices blocking government from building …
3 days ago · Scrapping the premium and getting help from developers could help cut the cost of building social housing by a quarter, or £4.5bn for the 90,000 social homes England needs a year.. The move would aid the places with the longest waiting lists the most, including London and the south east, the New Economics Foundation said.