Category : Search result: tax debt


Croydon gains £120m in Fair Funding review

Croydon Council is set for a £120m funding boost over three years after a historic government review. The new Fair Funding 2.0 model aims to better reflect local need, but the borough's massive debt remains a challenge. Read the full story.

Grand Slam Track owes athletes huge sums, future uncertain

World Athletics warns the Michael Johnson-backed Grand Slam Track may not return in 2026 despite bankruptcy filing. Stars like Sydney McLaughlin-Levrone are owed hundreds of thousands. Read the full financial crisis details.

Leon warns of closures after £8 million loss

Leon founder John Vincent reveals potential site closures and job cuts as he battles to restore the struggling fast-food chain to its former health. Read his full recovery plan.

Thames Water profits leap as funding crisis looms

Thames Water reports a £386m half-year profit, driven by higher bills, but warns of a potential rapid collapse into government control due to its £17bn debt crisis. Read the latest on the utility's precarious future.

OBR's Long-Term Debt Warnings Threaten UK Economy

Beyond the public feud with Chancellor Rachel Reeves, the OBR's reports reveal a perilous long-term fiscal outlook for the UK, with high debt and demographic pressures risking financial stability. Read the full analysis.

UK's 3p Pay-Per-Mile Road Tax to Start in 2028

Chancellor Rachel Reeves announces a new 3p-per-mile road charge for electric and hybrid vehicles from April 2028. Find out how much you'll pay and what it means for the future of driving.

79-year-old widow chased for 2p energy debt

A 79-year-old disabled widow from Dudley was pursued for a 2p debt due to a computer error, threatening her credit rating and causing immense stress. Discover how the situation was resolved.

London's £2m Mansion Tax: New Council Tax Charge

Chancellor Rachel Reeves introduces new mansion tax on properties over £2m from 2028. London homeowners face annual charges up to £7,500. Discover how this affects the property market.

Student loan freeze to squeeze low-paid graduates

NUS warns a 3-year freeze on the student loan repayment threshold will force graduates to repay more, sooner, potentially leaving them struggling with basic living costs. Discover the impact on new graduates.

Reeves' 'Deceiving' Budget Delays Debt Repair

Rachel Reeves faces criticism for 'deceiving' Budget that delays fiscal repair as economists warn of interest rate hold fears. Key details on borrowing and tax changes.

UK Defies Trump, Keeps Digital Services Tax

Chancellor Rachel Reeves maintains UK's Digital Services Tax despite US pressure, generating £800m from tech giants. Discover the political standoff and economic implications.

New Mansion Tax: How It Affects UK Homeowners

The UK government's proposed mansion tax could impact properties valued over £2 million. Learn how this property tax reform might affect homeowners and share your views.

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