About Income
Income is the consumption and saving opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms.
Interest rates: Why there is more pain still to come
... Our real household disposable Income - put simply, the money we have to spend or save - has risen slightly in 2023...
The hidden tax rise in the Autumn Statement
... A big part of that is due to a so-called " hidden" tax rise, one which can have a bigger impact on household Incomes than others, known to economists at fiscal drag...
Government borrows more than expected in October
... Borrowing - the difference between spending and tax Income - was £14...
What is inheritance tax and will it be cut?
... So - unlike cutting Income tax - it might not lead to a rise in inflation, or the rate of rising prices, which the government and Bank of England want to control...
Government borrows less than expected in September
... Borrowing - the difference between spending and tax Income - was £14...
Green Party plans to double membership fees amid legal woes
... As the party has increased its Income - up from £366,000 in 2007 - it has steadily taken on debt, currently holding more liabilities than assets...
Government borrowing rose to £11. 6bn in August
... Borrowing - the difference between spending and tax Income - rose to £11...
Andrew Tate prosecution files reveal graphic claims of coercion ahead of trial
... The women allege that Income from their online pornographic content was controlled by the defendants, along with some accounts and passwords...
Government borrows less than expected in September
Government borrowing in September was lower than most economists had expected.
Borrowing - The difference between spending and tax Income - was £14. 3bn last month, (ONS).
This Was £1. 6bn less than a year earlier, but The Sixth highest borrowing in September since monthly records began in 1993.
Economists had predicted borrowing to be £18. 3bn last month.
Government Debt was running at nearly £2. 6tn, More Than 2% higher than Last Year .
Chancellor Jeremy Hunt said: " We had to borrow during The pandemic to protect lives and livelihoods, but since then Putin's invasion has pushed up inflation and interest rates. "
" This means we spent twice as much on debt interest Last Year as we did The previous year. "
He added that " this is clearly not sustainable".
Last week Mr Hunt said that higher interest rates were likely to cost The UK an extra £20bn to £30bn per year.
He has all but ruled out near-term tax cuts, saying The government needs to prioritise bringing down inflation.
But he is Under Pressure from some Conservative MPs to announce plans to lower taxes before The Next general election, which will be held at The latest in January 2025.
This Week The Institute for Fiscal Studies said The UK economy was in a " horrible fiscal bind" with no room to cut taxes or increase public spending amid mounting political pressure on Mr Hunt to do so.
Related TopicsSource of news: bbc.com
Income Photos
