Remove uk-news budget-2021
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Big Tech Compliance Tracker: Facebook Disables Some Instagram, Messenger Functions In Europe; Amazon Delays Merchant Fulfillment Fee Increases

PYMNTS

Here’s the latest news from companies in the technology industry, which are coming under increasing scrutiny from officials and criticism from competitors. The executive said that the retailer will keep taking on the extra expenses without increasing charges until June 1, 2021. Facebook Calls Out New Apple App Privacy Policy.

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UK borrowers warned: the days of cheap mortgages are over

TheGuardian

As interest rate changes are coming ‘thick and fast’, owners may face big rises in their repayments Budget 2021: key points at a glance Budget calculator: what does it mean for me? next year and 13.1% the year after, as increases in the Bank of England base rate are passed on to borrowers. Continue reading.

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Yorkshire Building Society first to bring back 95% mortgages

TheGuardian

Riskier product not available for newbuild houses or flats and follows budget offer to back part of the loans Yorkshire Building Society will become the first lender to relaunch 95% mortgages in the mainstream market, nearly a year after the pandemic spooked lenders into withdrawing low-deposit home loans.

Lending 99
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TSB and Co-op Bank among lenders set to benefit from £4bn City tax cut

TheGuardian

Treasury confirms that 35 bank groups and building societies will avoid sector-specific surcharges entirely TSB, Co-operative Bank and Leeds Building Society are among the lenders expected to escape a levy imposed on the sector, following the chancellor’s announcement of a £4bn City tax cut in his budget speech on Wednesday.

Taxes 83
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UK contactless payment limit to rise to £100

TheGuardian

Move, to be announced by Rishi Sunak in the budget, may not be rolled out until later this year The limit on contactless spending is set to rise to £100, although the change may not be rolled out to shops until later in the year. Related: From forecasts to furlough: what to expect in the budget Continue reading.

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'Super deduction' may not be the most effective use of a £25bn tax break

TheGuardian

Chancellor’s eye-catching policy could end up rewarding investment that would have happened anyway Rishi Sunak flags tax rises in budget as total Covid spending tops £400bn Budget 2021: key points at a glance One can usually take a mental break when the budget speech turns to capital allowances. It’s the tinkering bit.

Taxes 74
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Don’t be fooled by Rishi Sunak’s conjuring trick | Letters

TheGuardian

We learn in the budget that he is to increase the national living wage by 59p an hour. For someone working 35 hours, that amounts to an increase of £20.65 a week, which becomes £16.52 after income tax. for a 20-hour week.

Taxes 67