“How sprawling suburbs are stunting productivity in UK cities”

Jul 4, 2024 | Economy, Tax

Growth, growth, growth (of the economic variety), is it happening, if not, why not, will doubtless be a continuing theme and/or battleground in the months and years ahead. Here’s a timely reminder from our friends at 7IM, of one of the reasons it’s been lacking. A study compared two cities of similar sizes, Leeds and Marseilles, to try to find out why the French city has consistently been 25% more productive than our own Yorkshire powerhouse. Their conclusion, it’s much easier to get to work in Marseilles. 87% or the population there can get to the city centre in under 30 minutes, in Leeds it’s only 38%. And apparently that’s the same for most, in the UK on average 40%, in Europe 67% can get to work easily. So it’s infrastructure, dear boy; and building rather than cutting.

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“Labour drops LTA reintroduction plans”

“Labour drops LTA reintroduction plans”

So here’s a horny dilemma. The Lifetime Allowance was (mostly) abolished in the last Budget. I say mostly, because the limit on how much tax-free cash you can take from a pension is still in place as are one or two other, arguably anachronistic elements of one of the most complex elements of the extremely complex pension rulebooks.

“Tories pledge ‘triple lock plus’ tax cut for pensioners”

“Tories pledge ‘triple lock plus’ tax cut for pensioners”

If the State Pension does keep rising with the Triple-Locked highest measure of inflation, and the income tax allowance remains frozen, it might indeed not be long before the pension is more than the allowance and so becomes taxable. For those with other pensions, it would mean a change of tax code, and more tax taken from one or more of those others. But many, and there are many, whose

“Business Relief in IHT planning set to become ‘even more important'”

“Business Relief in IHT planning set to become ‘even more important'”

For most who might leave an Inheritance Tax bill to pay when they depart, there aren’t that many ways to get around it. For most leaving their money to kids with house making up most of the value, it boils down to giving away the assets you don’t live in and hanging on for seven years, giving some to charity or taking it on the chin and setting up life insurance to provide the funds.