Sam Brodbeck

London

Money Advice Editor at The Telegraph

Money advice editor @Telegraph / Notts County FC / [email protected] / DMs open

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Articles

It's an open secret that parents don't work after 3pm

6 days ago | telegraph.co.uk | Sam Brodbeck

That's true, but it is also true that the cost of childcare has risen far above wages at the same time as house prices and rent have soared. And the tax burden is at its highest since the end of the Second World War. As working from home becomes more deeply embedded into our work culture, the incentive to reverse it becomes weaker. So many people are now benefiting from being able to do 3pm pick-ups before coasting to 5pm at half speed that it would take a monumental effort to stop it.
Labour cannot be forgiven for betraying taxpayers to satisfy greedy unions

2 weeks ago | yahoo.com | Sam Brodbeck

Just weeks after Labour’s “loveless landslide” in July last year, Rachel Reeves revealed enormous pay rises for the public sector. She announced the bungs of between 4.75pc and 6pc in 2024 to 2025, as a victory over Tory incompetence. In a statement to the Commons, the Chancellor said: “The previous government provided no guidance on what could or could not be afforded to the pay review bodies. “This is almost unheard of. But that is exactly what they did ...
Labour cannot be forgiven for betraying taxpayers to satisfy greedy unions

2 weeks ago | telegraph.co.uk | Sam Brodbeck

Workers, quite reasonably, typically want higher salaries when their costs are high, rather than the promise of a good pension in 30 years' time when their mortgage will already be paid off. If teachers, doctors, civil servants and MPs' pensions were brought into line with the benefits given to private sector staff, there would be plenty of money to give proper pay rises.
The Tories’ biggest blunder is only now coming to light

3 weeks ago | yahoo.com | Sam Brodbeck

After a long and controversial career in politics, Michael Gove drew many admirers from the Conservative Party. But one of his biggest blunders is only now coming to light, and could well end up costing the Tories crucial votes next time Britain goes to the polls. The Tories’ “Mr Fixit” served continuously in the Cabinet for 14 years under four prime ministers.
We are now counting the cost of Michael Gove's dreadful mistake

3 weeks ago | telegraph.co.uk | Sam Brodbeck

Back in 2023, the Government said one of the outcomes of the reforms would be to "rebalance the housing and land markets". It would do this by "giving local councils the power to increase council tax on empty homes". That statement was misleading. The fine print of the Act makes it clear this is an increase on second homes, no matter how well used they are, not simply empty properties wealthy investors are hoarding with no intention of ever using.
Raiding boomers' pensions is Reeves's best (borrowed) idea

1 month ago | telegraph.co.uk | Sam Brodbeck

So what exactly will happen to these surpluses once they're released? One suggestion is that the money is given to employers to reinvest in themselves via software, new machinery and so on. It just so happens that the Government has just saddled British businesses with a big National Insurance increase. If I were a finance director, I know what I would do with a windfall. God knows, Reeves owes something to UK plc after using her first Budget to stiff them with £25bn a year of tax rises.
There's no escape from Labour's pension tax grab

1 month ago | telegraph.co.uk | Sam Brodbeck

Die before April 6 2027, and a £500,000 pension will attract not a jot of inheritance tax. It could even be free of income tax indefinitely, depending on how it is withdrawn by your descendants. Die after April 6 2027, and the same pension will attract £200,000 in death duties (assuming you have already used up your tax-free allowance). Telegraph readers sprang into action as soon as Reeves made the bombshell announcement in the October Budget.
Diane Abbott’s latest idea makes no sense whatsoever

1 month ago | yahoo.com | Sam Brodbeck

This week, Diane Abbott appeared on Today – the BBC’s flagship radio news programme – and called for a wealth tax. That Ms Abbott, the Mother of the House as the longest-serving female MP, is in favour of an unworkable policy will surprise few readers. As Jeremy Corbyn’s chief cheerleader – and one-time lover – no wonder she thinks Britain’s ills can be solved chasing the wealthiest people out of the country. AdvertisementThe present Labour Government is already doing a good job of that.
Diane Abbott's latest idea makes no sense whatsoever

1 month ago | telegraph.co.uk | Sam Brodbeck

Other, more pragmatic countries know this. The UAE, Italy, Portugal and Greece, to name a few, are aggressively tempting families and high earners to up-sticks in search of low taxes and a better quality of life. Fifty years ago, a Labour government came to power with a manifesto promise to "introduce an annual wealth tax on the rich".
Sam Brodbeck: My predictions for the Spring Statement

1 month ago | corporate-adviser.com | Sam Brodbeck

Five months ago I made some predictions about what could be in Rachel Reeves’ Budget, Labour’s first chance to tax and spend for 14 years. Praise be. In a career first, I was right to say there was a good chance the Chancellor would reintroduce a “pensions death tax”. You didn’t have to be Mystic Meg to work out that pensions had simply become too good a way to dodge inheritance tax.