UK tax authority; collects taxes, administers some benefits, NI numbers
Mayors across England will soon keep a share of local income tax to fund growth projects, a major step in devolving power from Whitehall. The plan aims to address regional inequality but faces implementation barriers and risk of lagging growth for less wealthy areas.
Impersonation scams are increasing in frequency and cost. Lloyds and Santander report higher losses to bank impersonation, while police and conveyancing scams show substantial damages across the housing market. Readers are urged to stay vigilant, verify bank details in person, and ignore urgent transfer requests.
A mix of mortgage rates remaining elevated and inventory growth is shaping US and UK housing markets. Cash sales have cooled, financed buyers are gaining ground, and prices show modest changes in several markets. Analysts warn of continued affordability challenges and potential further rate-related pressure.
HMRC has filed a bankruptcy petition against Jamie Carragher in the Insolvency and Companies Court over an unpaid tax bill. Carragher’s representatives say the matter is private and will be settled imminently. The case was filed Wednesday and the HMRC notes offer support to debtors and stress bankruptcy is a last resort.