People with mortgages have been warned that their monthly bills may be higher now after a raft of tax cuts were unveiled last Friday.
Wales Online reports that the series of recent base rate increases mean that a tracker mortgage is now about £210 per month more expensive than it was before the increases began last December. Top Trending Stories Today The Bank of England increased rates by another half percentage point to 2.25% last Thursday. But financial markets are speculating the Bank may act with another increase before its next meeting in November.
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Newspaper headlines: New Year tax cuts and Labour's 'green growth' planFollowing the controversial mini-budget, Sunday's papers report on the PM's plans for more tax cuts. Bollocks... This is the greatest surprise all my life to wake up and receive $16,000 out of $1000 investment after so many tries I finally found a Legit platform for investment. All thanks to Mrs Lauren_Flores_1 for making this possible. 🔽🔽🔽🔽 Lauren_Flores_1 More tax cuts! Basically trying to engineer a short lived pre election boom so that they can cling to power and do more harm
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Kwarteng's promise of more tax cuts sparks Tory jitters as polling shows Labour election winThe Chancellor said there was 'more to come' on tax cuts A significant win
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Tory tax cuts leave UK economy in a 'very dangerous place', warns John SwinneyThe SNP finance secretary said no decision had been made on whether the Scottish Government would replicate any of the tax cuts announced in Westminster last week.
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Liz Truss and Kwasi Kwarteng forced to defend controversial tax cutsUsing more than £70bn of increased borrowing, Kwasi Kwarteng announced the biggest programme of tax cuts in 50 years, including abolishing the top rate of income tax for the highest earners. He's not prioritising the rich (!) Tory's new mantra 'borrow, borrow, borrow'
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Andy Burnham blasts Tory mini-budget a ‘flagrant act of vandalism'Speaking to Sky News’s Sophy Ridge On Sunday programme, Burnham said: “I would have said this wasn’t a time for tax cuts.” Shouldn’t he be keeping a closer eye on Manchester? No go zones such as Piccadilly Gardens and Cheetham Hill. The awful Metro system. The list goes on. Even if he agrees he has to disagree Like his CAZ beng a 'flagrant act of cuntery'
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