Alistair Darling
Use attributes for filter ! | |
Gender | Male |
---|---|
Age | 70 |
Date of birth | November 28,1953 |
Zodiac sign | Sagittarius |
Born | Hendon |
United Kingdom | |
Spouse | Margaret Vaughan |
Office | Member of Parliament of the United Kingdom |
Books | Saving for the Future |
Hubris: How HBOS Wrecked the Best Bank in Britain | |
Dialogues Concerning the Banking Crisis | |
Back from the Brink: 1000 Days at Number 11 | |
Children | Anna Darling |
Calum Darling | |
Party | Labour Party |
Education | Loretto School |
University of Aberdeen | |
Chinthurst School | |
University of Aberdeen School of Law | |
Parents | Thomas Young Darling |
Anna MacLean | |
Previous position | Member of the House of Lords of the United Kingdom (2015–2020) |
Nationality | British |
Date of Reg. | |
Date of Upd. | |
ID | 416115 |
Alistair Darling Life story
Alistair Maclean Darling, Baron Darling of Roulanish, PC is a British politician who served as Chancellor of the Exchequer under Prime Minister Gordon Brown from 2007 to 2010. A member of the Labour Party, he was a Member of Parliament from 1987 until he stepped down in 2015, most recently for Edinburgh South West.
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The inside story of the Barclays study
... the then Prime Minister, Gordon Brown, the Chancellor, Alistair Darling is concerned that, if you don t force the banks to beef-up dry up their threadbare finances would as a matter of urgency, more would follow Northern Rock-style bank runs and cash machines...
Bank of England: Who will be the next governor?
... Alistair Darling, the former chancellor, tried to bar her from Treasury meetings during the financial crisis amid growing tensions at Downing Street...
Budget 2023: Why more parents face losing child benefit
By Anthony ReubenBBC Reality Check
The government is expected to announce changes to help parents pay for childcare, in Wednesday's Budget. But many parents have lost out, and even ended up owing the government money, because a rule introduced a decade ago hasn't changed since.
In 2013, the government changed The Rules so people who get child Benefit start Losing It once they earn £50,000 a year.
Over that decade, rising prices mean the amount you can buy with a £50,000 salary has fallen. This means people are being affected by the Policy today who are less well-off than when it was introduced.
Like Geoff, from Whitley Bay , who says he turned down a better-paying job because of this.
" I had an opportunity to take on a new job but basically The Extra income that I was going to get from that new job took me over the £50,000 mark, " he told.
He Said The Combination of losing some child Benefit and having to pay some extra childcare costs meant " it just didn't work".
When do you lose child Benefit ?is paid to families in the UK with children under the Age Of 16, or under 20 if they are still in types of full-time education or training such as studying for A-levels or Scottish Highers.
You receive £21. 80 a week for One Child and £14. 45 for each additional child. Those amounts are due to rise by 10% in April.
If you earn More Than £50,000, your child Benefit starts being gradually withdrawn, such that if you earn £60,000, you don't receive any child Benefit at all.
It means you lose 1% of your child Benefit for every extra £100 you earn.
It's only based on the income of one partner. So if two parents earn £50,000 each they still get full child Benefit , but if one earns £60,000 and The Other isn't working they don't get any child Benefit .
And it's up to parents to inform The Taxman when they start earning More Than £50,000.
If they don't, they can be fined:
You can Work Out how much of it you may need to pay back via a tax return. You can also opt not to receive it in the First Place .
What about rising prices?The £50,000 to £60,000 threshold has not changed since the Policy - known as The High Income Child Benefit Charge - was introduced by the then Conservative Chancellor George Osborne in 2013.
If the thresholds had been adjusted In Line with rising prices since 2013, you would now start receiving child Benefit when you earn More Than about £65,000 and lose it completely from about £78,000.
Not adjusting the thresholds for inflation means that a lot more taxpayers are now being affected, compared with when the Policy was introduced. And it means the government is raising a lot more money.
An estimated 26% of families with children in the UK (around two million households) are now losing some or all of their child Benefit , according to the economic Think Tank (IFS).
This is double the proportion when the Policy was introduced a decade ago,
We asked the government if it thought The Level of the threshold was too low. Its response did not address the question but talked about how progressive the tax system is.
Another frozen thresholdYou usually expect thresholds in the tax system to go up each year. When the thresholds at which people start paying Income Tax , for example, are not altered it means a considerable tax rise, especially when prices are rising.
And there is a threshold at a big, round number in the tax system, which has been frozen for even longer than The Child Benefit one.
People don't have to start paying Income Tax until they are earning More Than £12,570 a year, which is called The Personal allowance.
The Personal allowance itself has risen considerably since 2010-11, when it was only £6,475.
But since 2010, it has started to be withdrawn at a rate of £1 of allowance for every extra £2 earned above £100,000.
It means those earning More Than £100,000 a year start paying tax on part of their earnings they did not previously have to pay tax on.
And that £100,000 threshold has not changed since it was introduced by the then Labour Chancellor Alistair Darling .
If the £100,000 threshold had been increased In Line with rising prices since 2010, it would be almost £142,000 today.
The IFS says that 530,000 adults (about 1%) had some of their personal allowance withdrawn in The First year of the Policy , which has increased to about 1. 3 million (2. 4% of adults) this year.
We asked the government if it was considering changing the threshold given The Number of extra taxpayers and were told that it keeps all taxes under review.
Related TopicsSource of news: bbc.com