Weekend Money: Why is everyone wearing ‘old money’ style – and what does it say about our world right now? | UK News
From Sky News.:
With the budget approaching, the focus is on potential tax cuts. Chancellor Jeremy Hunt is under pressure to make cuts, but doubts remain due to the UK entering a recession. Suggestions include cutting income tax or national insurance, and even implementing a vaping products levy. Meanwhile, discussions on policies like a 99% mortgage scheme and inheritance tax abolition are stirring. Other proposals include overhauling lifetime ISA rules and reforming child benefit thresholds. The car industry is also pushing for incentives for electric vehicles. The hospitality industry wants VAT on food and drink reduced to aid struggling businesses.
Read more at Sky News.: Weekend Money: Why is everyone wearing ‘old money’ style – and what does it say about our world right now? | UK News