Roula Khalaf, Editor of the FT, selects her favorite stories in this weekly newsletter, including a report stating that UK chancellor Rachel Reeves is unlikely to cut pension tax relief for higher earners in her upcoming Budget. Reeves had previously proposed a flat rate of pension tax relief but is now expected to shy away from this move, opting instead for levying a rate of national insurance contributions on employer pension contributions as a less politically painful option. The Labour manifesto commits to not increasing taxes on “working people”, with Reeves facing tough decisions on spending, welfare, and tax in the Budget.
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4 Undeniable Factors That Could Push Bitcoin to New All-Time Highs This Summer
Some market moments gain momentum without significant triggers, and Bitcoin (CRYPTO: BTC) appears poised for a significant rally due to four macro forces that historically precede price surges. Increased liquidity from central banks typically encourages investment in riskier assets like cryptocurrencies, as safer investments become overpriced. Explain It To Me Like I'm 5: When banks make more money available, people are more likely to invest in things like Bitcoin, which can help it grow in...
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