Sir Keir Starmer plans to grow the economy by increasing the Income Tax Self Assessment reporting threshold for trading income from £1,000 to £3,000, sparing around 300,000 side hustlers from filing tax returns. Of these, approximately 90,000 individuals will owe no tax, and the rest can pay any tax owed through a new online service. Tax minister James Murray will announce these changes, as well as plans to ease import restrictions on valuable objects, at a speech marking the 20th anniversary of HMRC.
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The EU doesn’t need a deal with Trump
Ursula von der Leyen is meeting Donald Trump in Scotland to discuss trade as tariff deadlines approach, drawing insights from her recent summits with Japan and China. The article argues that the EU should not concede to US pressures, highlighting the unpredictable nature of Trump's negotiations and suggesting that both the US and EU have more to lose than appears. Want More Context? 🔎
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