Welcome to the Money blog, a hub for personal finance and consumer news and tips. Today's posts include Nationwide slashing mortgage rates and a Michelin restaurant reverting temporarily to 1994 prices. Listen to Ed Conway's analysis of UK borrowing and potential tax rises as you scroll.
Economics and data editor Ed Conway has warned there's going to be 'a lot of bad news' in the autumn budget.Tax rises will feature, but with the chancellor having ruled out raising income tax, national insurance and VAT, what could be set for a hike?Inheritance taxOne of the taxes most likely to be hiked - the threshold could be lowered from £325,000 when someone dies, or people could pay more than 40% on some inheritances.
While Labour said before the election it would not change the banding of council tax, there may be other updates on the table.Capital gains taxThis levy is imposed on the profit of a sale of assets.The government could reduce the minimum limit, or raise the percentage of tax levied - with some calling for it to be set in line with income tax.Business ratesThis tax is what business pay instead of council tax on their properties.
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