Share Compare

(Sharecast News) - The chancellor will use his Budget this week to protect pensioners and those saving for their retirement, as he announces plans to shield nearly 1m people from paying income tax. John Healey is expected to confirm on Wednesday that the full state pension will rise by £489 to £13,036 - equivalent to 3.9%. However, the rise will push about 1m people on low incomes who rely on the state pension above the £12, 570 personal allowance threshold, meaning they would be dragged into paying income tax. To retain the principle that the state pension is not taxable, Healey is expected to announce a rise in the tax-free allowance for low-income pensions to £13,036. The move will cost taxpayers £200m a year by 20230 - The Times

(Sharecast News) - Andy Burnham has said the UK needs an "evidence‑based debate" on freedom of movement as he considers options for reshaping Britain's relationship with Brussels. The Prime Minister told The Telegraph that any future model - including single‑market membership or even full EU re‑entry - would require a frank discussion about migration flows. Burnham, who worked in Germany under free movement rules in the 1990s, said the system had "significant challenges" but noted that earlier patterns of "revolving‑door migration" were less disruptive than today's pressures. He argued that younger workers often stayed only a few years before returning home, and that the arrangement benefited British citizens too.

(Sharecast News) - Major indices closed sharply lower on Friday amid ongoing concerns that the artificial intelligence trade may be wavering and rising oil prices.