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Households given £3m inheritance tax-free after law change | Personal Finance | Finance
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Households given £3m inheritance tax-free after law change | Personal Finance | Finance

A special new rule to allow farmers to pass on up to £3m without paying a penny of Inheritance Tax on it has been unveiled by Chancellor Rachel Reeves.In the government’s Budget announcements on Wednesday, it was confirmed that a new agricultural property relief will apply for farmers to allow them to transfer allowances between themselves and their partners and thus avoid Inheritance Tax legally.It means that the allowance for widows and widowers will be ‘doubled’ from April 2026.In its announcement, HM Treasury and the Department for Environment, Food and Rural Affairs said: "The government has announced that any unused £1 million allowance for agricultural property relief and business property relief will be transferable between spouses and civil partners, to bring it in line with th...
Les Français de plus en plus critiques sur l’utilisation de l’argent des impôts
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Les Français de plus en plus critiques sur l’utilisation de l’argent des impôts

Une déclaration de revenus. ETIENNE LAURENT/AFP Aux yeux des agences de notation et des marchés financiers, la France dispose d’un atout majeur, essentiel pour sa crédibilité : les contribuables y paient leurs impôts sans trop rechigner. Jusqu’à quand ? Quelques signaux marquants apparaissent dans le troisième baromètre sur le consentement à l’impôt, dévoilé jeudi 27 novembre par le Conseil des prélèvements obligatoires (CPO). Le civisme fiscal reste certes « solidement ancré », relève le CPO, un organisme d’analyse indépendant associé à la Cour des comptes. Pour 79 % des 3 055 adultes français interrogés par Harris Interactive/Toluna dans le cadre de ce baromètre, payer ses impôts et cotisations sociales constitue toujours un ...
Exact date ‘the pain’ from Rachel Reeves Benefits Street Budget will be felt by Brits | Personal Finance | Finance
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Exact date ‘the pain’ from Rachel Reeves Benefits Street Budget will be felt by Brits | Personal Finance | Finance

A financial expert has warned hard working Brits that the real pain from Rachel Reeves' "Benefits Street Budget" will not truly hit their wallets for the next four years.Yesterday the Chancellor delivered what had been dubbed her "make or break" plan for the country's finances – but not before the ful details of it were leaked ahead of time in an embarassing gaffe by the Office for Budget Responsibility. Reeves' Red Box was full to the brim with more taxes for working people, taking the tax burden on UK residents to an all time high and massively increasing the state's welfare spending.The decade continues to look “really tough” for living standards, as most of the “pain” from Rachel Reeves’ Budget will not be felt until 2028, the chief executive of the Resolution Foundation think tank ...
Millions to get extra £900 in bank accounts in major pay boost | Personal Finance | Finance
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Millions to get extra £900 in bank accounts in major pay boost | Personal Finance | Finance

Millions of workers across the UK will get up to £900 extra in their bank accounts from April 2026 in a major pay boost.Chancellor Rachel Reeves has confirmed she has accepted recommendations from the Low Pay Commission and will increase minimum wage rates by 4.1% in the new tax year. Reeves said the boost will ensure those on low incomes are “properly rewarded” for their work. The pay boost will see the National Living Wage rise from £12.21 to £12.71 per hour for eligible workers aged 21 and over from April 2026, which the government said will increase gross annual earnings for a full-time worker on the rate by £900, benefiting around 2.4 million low-paid workers.The National Minimum Wage rate for 18 to 20 year-olds will rise by 8.5% from £10 to £10.85 per hour, narrowing the gap with ...
I’m a pensioner – Rachel Reeves dressed it up but we’ll be paying more | Politics | News
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I’m a pensioner – Rachel Reeves dressed it up but we’ll be paying more | Politics | News

A pensioner has said Rachel Reeves's Budget is a "mess" and that however the Chancellor "dressed it up – we're all paying more". Barry White, 82, told SWNS that, although freezing the tax threshold is "wonderful for us pensioners", Brits are "paying more tax". He added Ms Reeves "totally skirted round the question" of how they would reduce the benefits bill overall. The Government earlier announced that it will maintain income tax thresholds and the equivalent national insurance contribution thresholds for employees and self-employed individuals at their current levels for a further three years from April 2028 to April 2031, and inheritance tax thresholds for a further year to April 2031.So-called "fiscal drag" will mean that more people will end up paying more tax. The Treasury expects...
Prediction markets show 80% chance of Fed rate cut in December meeting
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Prediction markets show 80% chance of Fed rate cut in December meeting

Macromavens President Stephanie Pomboy joins ‘Mornings with Maria’ to discuss rising layoffs, collapsing small business hiring plans and why flawed payroll data may be giving a false picture of job growth. Prediction markets are heavily signaling a 25-basis-point interest rate cut in December, with probabilities hovering above 80% on both Kalshi and Polymarket.  Traders on both platforms see only a slim chance of the Federal Reserve holding rates steady and virtually no expectation of a larger move. On Polymarket, the trading volume, or the total dollar amount wagered on this market, is a little over $171 million. AS THE HOLIDAYS APPROACH, THANKSGIVING BECOMES TRUMP'S ECONOMIC TEST A Polymarket wager tracking the Federal Reserve’s December interest rate decision. (Polymarket)M...
Martin Lewis gives exact date households given £150 off British Gas, EON and EDF bills | Personal Finance | Finance
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Martin Lewis gives exact date households given £150 off British Gas, EON and EDF bills | Personal Finance | Finance

Money expert Martin Lewis has revealed the exact date British Gas, EON, EDF and other energy company customers will be handed £150 off their household bills.As part of Autumn Budget announcements made by Rachel Reeves today, households will be given £150 off energy bills following the scrapping of an eco scheme.The scheme had been costing households an average of £150 a year through levies on unit rates, but the extra charge will be abolished from gas and electricity bills next year.Martin Lewis has now taken to Twitter to reveal that the Energy Bill Reduction will officially begin on April 1, 2026. But households could get even more money off bills if they spend more on energy, with £150 being the average saving.The Chancellor said she was taking action to get energy bills down and cut...
Target invests $5 billion in larger stores expansion despite weak sales
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Target invests $5 billion in larger stores expansion despite weak sales

Storch Advisors CEO Gerald Storch joins 'Varney & Co.' to discuss whether tariffs and the government shutdown will affect Black Friday discounts. Target is moving forward with plans to expand its footprint through new, larger-format stores despite weak sales.  The Minneapolis-based retailer announced last week during its earnings call that it will invest billions to upgrade existing locations and open additional large-format stores as it works to reverse its sales slump and return to profitable growth.The company will raise capital expenditures – the money it invests in long-term assets like technology and infrastructure – to $5 billion in the next fiscal year, a 25% increase or roughly $1 billion more than in 2025. WALMART CEO TO RETIRE IN JANUARY Incoming CEO Michael Fiddelke...
November consumer confidence hits lowest level since April
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November consumer confidence hits lowest level since April

J.P. Morgan Asset Management chief global strategist David Kelly assesses the state of the economy, American exceptionalism and more on Making Money. Consumer confidence fell more than expected in November and hit the lowest level since this spring, according to the latest data from The Conference Board. The Conference Board reported that its consumer confidence index declined to 88.7 in November from an upwardly revised 95.5 reading in October. That was well below the 93.4 reading that economists polled by LSEG projected for November, and reached the lowest level since April. "Consumers' write-in responses pertaining to factors affecting the economy continued to be led by references to prices and inflation, tariffs and trade, and politics, with increased mentions of the federal go...