Noah Eastwood
Reporter at The Telegraph
Reporter @Telegraph | @MoneyTelegraph [email protected] 📩
Articles
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1 week ago |
yahoo.com | Noah Eastwood
Two cash-strapped councils have spent hundreds of thousands of pounds on “golden hellos” for new staff despite declaring bankruptcy, The Telegraph can reveal. Birmingham City Council handed individual payments of £1,000 to workers for agreeing to sign on between 2022 and last year, while Croydon Council paid them as much as £5,000 in the same period.
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1 week ago |
telegraph.co.uk | Noah Eastwood
The cash incentives were given to dozens of new recruits to frontline local authority services, according to Freedom of Information requests made by The Telegraph. Croydon spent £439,000 on starting bonuses between 2022 and 2024. It gave a "welcome payment" of £5,000 to 74 staff during that time, while 15 received payments of £4,000 and three were paid £3,000. In the same period, Croydon declared effective bankruptcy three times between 2020 and 2022, while Birmingham went bankrupt in 2023.
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2 weeks ago |
telegraph.co.uk | Noah Eastwood
Thanks to a deal struck with the Spanish government more than a century ago, Álava, Gipuzkoa and Biscay - the three provinces that make up the green Basque region - set their own tax policy separately from Madrid. It means Spain's planned 100pc tax on the sale of properties to foreign buyers from outside the European Union will not apply in the Basque, where purchase tax is currently 7pc of a property's value.
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2 weeks ago |
ca.finance.yahoo.com | Noah Eastwood
If Sir Keir followed Mr Trump’s logic, he may consider cutting VAT to help secure more favourable trading terms with America - Elijah Nouvelagenicolas Tucat/AFP Donald Trump is hardly the first person to resent VAT. The US president once again took aim at the tax this week, labelling it “exorbitant” and claiming countries that charge it are discriminating against American businesses.
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2 weeks ago |
telegraph.co.uk | Noah Eastwood
Geriant Lewis, of financial planner Moore Kingston Smith, said any changes to reduce VAT would come with a significant cost. He said: "Following Brexit, the UK has the freedom to amend its VAT system, or even to repeal the tax. However, between 2023 and 2024 VAT was the third largest source of revenue after income tax and National Insurance contributions.
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Excl: Parents charged VAT for school meals at private schools despite Labour pledging they would remain exempt from the tax raid. https://t.co/Uq3p2XVk52
