Image copyright Getty Images Chancellor Philip Hammond has used the Budget to ease the government spending squeeze as he declared that austerity was “finally coming to an end”. Against a backdrop of stronger tax receipts, Mr Hammond said borrowing this year would be £11.6bn lower than projected in March, at £25.5bn. Borrowing is expected to …
Image copyright PA Image caption The money will also go on Dreadnought – the UK’s nuclear deterrent submarine programme The chancellor has pledged an extra £1bn, between now and the end of next year, to boost the UK’s defences. In his Budget speech, Philip Hammond said the plan was to modernise key areas such as …
Image copyright Getty Images US stock markets tumbled in the final hours of trading amid signs that US-China tensions are reigniting. The technology-heavy Nasdaq led the falls, down 1.6% to end at 7,050.29. The Dow Jones slid 1% to 24,442.9, while the S&P 500 fell about 0.7% to 7,050.29. The losses accelerated following a report …
Technology giants will be forced to pay tax on the sales they generate in the UK, under new plans announced in the Budget. Chancellor Philip Hammond plans to introduce a digital services tax from April 2020 following a consultation. He said “established tech giants” will be targeted rather than start-ups. Companies such as Amazon and …
Image copyright Getty Images Hundreds of thousands of private-sector contractors face higher tax and National Insurance (NI) bills from April 2020. The chancellor announced that tighter tax rules for those working in the public sector will be extended to those working for private firms. The rules, known as IR35, are designed to hit those deemed …
Use our Budget calculator, developed by Deloitte, to find out how your pocket may be affected by the Chancellor’s latest measures. Bear in mind, some changes will not be seen until future financial years, and are not included in this calculator. Sorry, your browser is unable to display this content. Please upgrade to a more …
Image copyright UK Parliament /Jessica Taylor Philip Hammond has delivered his third Budget as chancellor. Here are the key points of his 72-minute speech. Personal taxation and wages The personal allowance threshold, the rate at which people start paying income tax, to rise from £11,850 to £12,500 in April – a year earlier than planned …
Image copyright Gab Image caption Gab was launched in August 2016 and used to use a frog logo A Twitter-rival used by the man accused of a gun attack on a US synagogue has gone offline after several technology services withdrew support from it. Gab describes itself as a defender of “free speech and expression” …
Image copyright Getty Images Would you like to control another human being and experience what it would be like to be inside their mind? Massachusetts Institute of Technology has built a software program called BeeMe that enables web users to suggest actions for a hired actor to perform. From 23:00 ET on Halloween, the net …
Image copyright Getty Images A fall in new car sales has fuelled a slow down in borrowing by consumers, the Bank of England said. Its data showed that the annual growth rate in consumer credit slowed to 7.7% in the year to September. This is down from 8.2% in August – and the weakest pace …