Welcome to our eighth newsletter for 2024 aiming to bring you the latest in financial news and updates.
This month we focus on the following topics:
HMRC INHERITANCE TAX RECOVERY SOARS: Targeted efforts yield high returns from unpaid IHT as HMRC recovers £285 million from 3,028 investigations.
LONDON RANKED 8TH MOST EXPENSIVE GLOBAL CITY: Soaring rents and inflation have driven the price surge as London now ranks eighth in the global cost-of-living index, one spot higher than last year.
COUNCIL TAX DEBT CRISIS ESCALATES: Debt charity StepChange reports a 50% rise in the average debt among its clients, from £1,146 in 2019 to £1,726 in 2023.
LABOUR’S LANDMARK ELECTION VICTORY: Labour’s campaign pledged not to raise National Insurance, income tax, or VAT, yet it proposed significant tax reforms.
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