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25.03.2022 - 15:11 / manchestereveningnews.co.uk
Many households all across the country are preparing for the financial crisis to hit in April as the cost of living continues to rise to record levels. It comes as the Chancellor of the Exchequer announced this week a number of economic decisions laid out in the Spring Budget.
Among these, the threshold for National Insurance contributions will rise to £12,570 which may affect how much you pay in taxes and other bills. Rishi Sunak has defended the package of measures he announced in his spring statement on Wednesday after he had been criticised for not going far enough to those facing falling into poverty due to the rising cost of living.
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But he said he had “always tried to be honest with people”, and said: “I can’t protect them from absolutely everything that we face.” Mr Sunak said he was “anxious” on behalf of the country and said he knew rising financial pressures were “the number one concern that people have right now”.
The Office for National Statistics (ONS) recently revealed that consumer price inflation – a measure of the rate of increase in the price of goods and services – hit 5.4% in December, its highest since 1992. And household budgets are likely to be squeezed further this year with price hikes predicted in various parts of the economy.
We have updated our cost of living calculator to reveal how much more money you may be paying on bills and tax from April to reflect the changes to National Insurance thresholds.
The calculator is based on rate rise for employees from 12 per cent to 13.25 per cent on incomes of £9,880 to £50,270 a year until July and between £12,570 and £50,270 after that to reflect raised threshold, and a rate of
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The best date night in Music City! Country music’s hottest couples hit the red carpet at the 2022 CMT Music Awards on Monday, April 11, at the Nashville Municipal Auditorium.
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Two planned changes to National Insurance hikes coming into force today will leave millions of people worse off.
National Insurance payments have increased for millions of workers across the UK today. The money raised by the 1.25 percentage point increase will be spent on the NHS, health and social care in the UK.
While most travel to Mexico in search of Cancún or Cabo San Lucas, my trip was a little different than most.The mission? 48 hours in the country for the Formula E, and what a 48 hours it was. For a long time, Formula 1 has dominated the tracks as a top tier sport that many know, but The ABB FIA Formula E World Championship is hot on its heels, with a fresh look at motorsports using electric cars.The eighth season of the high-energy ABB FIA Formula E World Championship saw me visit Mexico City, in a bid to get a taste of this futuristic sport.The races all take place on city centre tracks, allowing drivers and fans to sample world travel, in places such as Jakarta, Vancouver, Rome, New York, and other beautiful locations around the globe.
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series is set to end later this month, when the second installment of the final season debuts on the streamer. On Monday, Netflix released a series of images from Season 7 Part 2.One shot promises shenanigans, with Jane Fonda’s Grace and Lily Tomlin’s Frankie several margaritas deep at a Mexican restaurant. Or, in Grace’s case, just one jumbo margarita.
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The cost of living crisis will deepen for many households from today as energy bills are set to skyrocket due to an increase in the price cap.
Following Rishi Sunak's spring budget announcement yesterday (March 23), it was revealed that some workers will pay less for their National Insurance contributions this year. But, some workers may end up paying more as a result of the announcement that the threshold at which workers pay NI will rise to £12,570 in July. The £3,000 increase means anyone earning less than the new threshold will not pay any NI.
Ed Meza @edmezavarWith its focus on Costa Rica, the Málaga Festival Industry Zone (MAFIZ) is showcasing the central American country’s bourgeoning film sector and talent with presentations of feature films, works in progress, projects in development and the country’s scenic locations and support opportunties.Costa Rican filmmakers and their projects are participating in MAFIZ’s various sections, including the Malaga Festival Fund & Co-Production Event (MAFF); Málaga Work in Progress; Málaga Talent and Hack Málaga.Nicole Chi’s documentary “Guián” and Daniel Ross Mix’s “El Zoológico de la Milla 70” (“70 Mile Zoo”) are the two Costa Rican projects taking part in the Work in Progress section. In “Guián,” Chi chronicles her own personal journey of discovery as she travels to China following the death of her grandmother Guián.
Rishi Sunak has announced that the National Insurance Contributions starting threshold will rise by £3,000 to £12,570 from July, meaning employees across the UK will keep more of what they earn before they have to start paying personal tax.
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