May will allow councils to build more house by raising cap

May then went on to say that the cap on how much councils can borrow against their housing revenue account assets in order to build houses “doesn’t make sense,” before adding: “today I can announce that we are scrapping that cap.” https://www.mortgagestrategy.co.uk/may-announces-end-to-council-borrowing-cap/ Do we really have a housing shortage in Scotland? Rates are low, you only need a 5% deposit and there are plenty of terraces and flats on the market so, can someone tell me where the shortage is?????? read more

Family own businesses LOOSE OUT AGAIN because of tory taxes changes

More than a million family-owned businesses and freelance workers will lose out because of the tax crackdown on dividend payments. They face paying up to £1,143 a year more in tax because of the way they choose to take an income. Many families who run newsagents, restaurants, shops, accountancy firms and other businesses take their earnings as company directors through dividend payments, rather than a monthly salary. That means they pay lower tax rates than salaried employees and can earn £5,000 a year tax-free on read more

Tory government to raise taxes on the hardest working people in the UK

Theresa May faces a major Budget backlash after ripping-up an election manifesto pledge to freeze National Insurance and instead hitting 2.5million self-employed people with an unexpected tax hike. The rise unveiled by Chancellor Philip Hammond was branded a “rip off” for the country’s hardest workers, with critics – including Tories – warning it would hit low paid earners the hardest. Many raised concerns that the likes of cabbies or fast-food delivery drivers toiling in the "gig economy" for low rates, and with read more

The Cameron’s take a mortgage 8 days before the referendum

David and Samantha Cameron took out new mortgage eight days before EU referendum David and Samantha Cameron took out a new mortgage on their London home just eight days before the EU referendum. It has been reported that the couple signed a home loan arrangement with HSBC for their £3.5million Notting Hill townhouse in West London on June 15. The revelation calls into question whether the Prime Minister was planning his exit from Downing Street before the referendum results were announced on Friday. Brexit 2016: read more