Hit by the savings tax trap: Double whammy of low rates and HMRC delay

More than 700,000 savers could be paying too much tax after interest rates plunged to record lows. It is yet another blow for beleaguered savers already struggling to earn an income from their nest eggs.  And long delays at HM Revenue & Customs (HMRC) means anyone attempting to correct their tax code and claw back … Read more

ALEX BRUMMER: Double business tax whammy will make UK less competitive

One might have thought that after 17 major announcements since lockdown, Rishi Sunak has said everything there is to say about the economy. Not a bit of it. Today sees the launch of Tax Policy & Consultations Day, or TPAC as the accountants call it. The idea is to bring together in one co-ordinated package … Read more

UK plc ‘faces double whammy of Covid and no-deal Brexit’

The UK was today warned it faces a double whammy of one of the worst coronavirus hits of any major economy – while businesses that have ridden out the crisis could be hammered by the failure of EU trade talks. The latest outlook from the OECD suggests Britain will be affected more dramatically than most … Read more

UK plc ‘faces double whammy of Covid and no-deal Brexit’

The UK was today warned it faces a double whammy of one of the worst coronavirus hits of any major economy – while businesses that have ridden out the crisis could be hammered by the failure of EU trade talks. The latest outlook from the OECD suggests Britain will be affected more dramatically than most … Read more

NHS faces a ‘triple whammy’ this winter, report warns 

The NHS will be hit by a ‘triple whammy’ this winter, according to a report that warns the ‘road to recovery will be long’. Health bosses say the system will be left creaking from a surge in Covid-19 patients, alongside a ‘huge’ backlog of delayed treatment, as well as ‘exhausted’ staff battling against reduced capacity … Read more

Boris tells army to prepare for quadruple winter whammy

PM Boris Johnson tells army to prepare for quadruple winter whammy of coronavirus, flu, Brexit and flooding that threatens to cripple Britain Lieutenant General Douglas Chalmers that No. 10 wants tabletop exercises He highlighted ‘the normal flu season’ and the coronavirus crisis as issues to face Also highlighted end of the transition period out of … Read more

Boris tells army to prepare for quadruple winter whammy

PM Boris Johnson tells army to prepare for quadruple winter whammy of coronavirus, flu, Brexit and flooding that threatens to cripple Britain Lieutenant General Douglas Chalmers that No. 10 wants tabletop exercises He highlighted ‘the normal flu season’ and the coronavirus crisis as issues to face Also highlighted end of the transition period out of … Read more