Category : Budget Finance


UK Records £30.4bn Budget Surplus, Highest Since 1993

The UK government reported a record-breaking budget surplus of £30.4bn in January, the largest since 1993, driven by high self-assessment and capital gains tax receipts. This surprise boost comes ahead of Chancellor Rachel Reeves' spring statement next mo

UK Posts Record £30.4bn Budget Surplus in January

The UK government achieved a record-breaking budget surplus of £30.4 billion in January 2026, the highest since monthly records began in 1993, driven by strong tax receipts and lower debt interest payments.

Salary Sacrifice Changes Could Affect Millions More

A former pensions minister warns that changes to salary sacrifice pension contributions could impact far more workers than HMRC estimates, with employers potentially responding by squeezing wages or cutting benefits.

Junior ISAs: Financial Planning for Kids

As the tax year end approaches, Junior ISAs offer parents a tax-efficient way to save for children's futures, with potential to offset student debt and build financial literacy.

HMRC Penalty Points for Late Tax Returns

HMRC is implementing a new penalty points system for self-assessment tax returns, replacing immediate £100 fines with points that accumulate before financial penalties apply.

BoE Holds Rates in 5:4 Split, Bailey Casts Decisive Vote

The Bank of England's Monetary Policy Committee voted 5:4 to keep interest rates at 3.75%, with Governor Andrew Bailey using his casting vote. Despite rising unemployment and falling inflation, the majority opted for caution.

CGT Discount to Cost $250bn, Favours Wealthy

New Parliamentary Budget Office figures reveal Australia's capital gains tax discount will cost nearly $250bn over the next decade, with the top 1% of taxpayers receiving 60% of benefits. As Labor considers reforms, pressure mounts to address housing affo

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