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Prime Minister Boris Johnson unveiled a £12billion a year tax hike last week in a move that proved divisive. Some Tory MPs joined the Labour Party in opposing the plans, which will see National Insurance increased by 1.25 percent, meaning taxpayers will pay around 10 percent more on top of their previous bills. Much of the revenue initially will be devoted to cutting waiting lists in the NHS, with social care receiving only £5.3billion of the £36billion expected to be raised over the next three years.
From 2023-24, once HMRC’s computer systems have been updated, the National Insurance contributions increase will be rebadged as a health and social care levy, which will appear as a separate line on payslips.
The move has been criticised by some because it targets income, rather than wealth.
But Ed Smith, head of asset allocation research at Rathbones, said it was inevitable that taxes on the wealthy would rise relative to taxes on income.
He told FT Adviser: “It’s a matter of arithmetic: if the retired/semi-retired population is growing faster than the in-work population, it gets harder and harder to make the numbers add up if you continue to rely on income tax as your main source of revenue.
“The classic argument against inheritance taxes is that they haven’t raised much money in the past, but the amount of wealth that is about to be transferred over the coming decades is unprecedented in the post-WW2 era.
“This shouldn’t be a question of debt sustainability today – debt is sustainable so long as GDP growth rates remain higher than the cost of servicing the national debt (as a percentage of GDP).
“But it is a question about debt sustainability further down the line, given rising old-age care costs and a shrinking income tax base.”
Some are not fans of wealth taxes however, including Gordon Andrews, tax and financial planning expert at Quilter, who argued a wealth tax hike wouldn’t work.
He said that wealthy people can avoid bills by using gifts.
Mr Andrews said: “Before the Government goes ahead and raises inheritance tax rates, it may want to think about who it is that pays the most tax in the first place.
READ MORE: Inheritance tax ‘should be abolished Sunak and Johnson told
“Analysis of inheritance tax rates paid by the Office of Tax Simplification shows the wealthy are able to pay less in inheritance tax due to being able to gift more away or have more intricate financial planning in place.”
Mr Andrews also argued that a rise in inheritance tax may also impact middle earners.
He continued: “While asset prices have risen, the tax take is still minute compared to other areas of personal finances, such as income tax.
“Inheritance tax brought in just £223million in 2019/20, so any further increases in rates are unlikely to make a huge difference to this.”
Inheritance tax is currently paid on anything above the £325,000 threshold – which was frozen until 2016 by Chancellor Rishi Sunak in March’s Budget.
A record amount of inheritance tax was raked in by the Government in 2020/2021’s tax year, and experts believe this trend will continue in the next few years.
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It is an incredibly divisive levy in the UK, and an economist told Express.co.uk last week that it should be abolished.
Julian Jessop of the free-market Institute of Economic Affairs said: “I’m not a fan of inheritance tax because it isn’t obvious to me why someone should have to pay more tax because they have died.
“People should be free to build up assets and pay tax on the assets as they are going along, that’s fine. There might be a case for taxing the capital gains on your first home as well as your second home.
“The idea you should pay a tax bill because you have died, I don’t really see any justification for that.
“My personal view is that it should be abolished, I just don’t see what it is about dying that means you should pay tax. It doesn’t make an awful lot of sense to me.”
Scientists have warned that the fleeting symptoms of a mini-stroke could be a harbinger for a more seriousstroke. It is estimated about one in three people who have a transient ischaemic attack – or mini stroke – will eventually have an acute incident. The effect of a transient attack on the brain, however, can be just as damaging as a severe stroke. What’s more, transient ischaemic attacks often go undetected in brain scans. Doctor Clare O’Donnell, Optometrist and Head of Research at specialist eye hospital Optegra Eye Health Care, warns that four signs around the eyes that could be symptoms of a mini-stroke.
Sudden changes in vision, including blurriness or dark areas, could be caused by a blockage in the blood vessel leading to the eye.
In fact, it is possible that some transient ischaemic attacks could only affect the eyes, causing temporary loss of vision.
Doctor O’Donnell explained: “A stroke occurs when the blood supply to a part of the brain is suddenly disrupted. It is an emergency and loss of vision is one of a number of symptoms.
“Before a full stroke occurs, people often experience so-called ‘mini stroke’ or transient ischaemic attack where symptoms come and disappear or fade within minutes.
READ MORE:Stroke: The modifiable lifestyle factor raising your risk by 90% – new study
“Symptoms of a mini-stroke can include temporary disturbances, so sudden loss of vision in one or both eyes should always prompt urgent investigation for treatment as the risk of a full stroke is increased substantially, particularly in the hours and days following a transient ischaemic attack.”
Deterioration in cognitive skills following stroke can severely alter an individual’s ability to carry out daily tasks.
It is common for people to experience some degree of vision loss after an acute stroke, with acute events often affecting the way the brain processes information it receives from the eyes.
Doctor O’Donnell noted: “Additionally, after a stroke up to 60 percent of survivors may have vision problems such as those listed below and the optometrist has a key role to play in recognising the way the eye can be affected.
“Also, as the eye is the only body part where we can look directly at the blog vessels and follow any changes, optometrists are able to spot signs of high blood pressure, which is a known risk factor for stroke.
“In fact, the signs at the back of the eye can reflect or mimic the changes taking place in the brain.
“After stroke there may be loss of a part of the visual field – the entire central and peripheral area we can see – because the areas of the brain responsible for vision have been damaged.
“Another type of field loss may affect central vision in one eye, usually presenting as sudden loss of sight in the affected eye. This can be due to a type of stroke affecting the retina at the back of the eye.”
Studies have highlighted that the transient nature of the symptoms by no means lessens the impact of the condition.
Evidence shows that blocking a single arteriole can cause cell death in all directions for hundreds of micrometers after a blockage.
Further blockages could potentially known out entire brain regions, as the damage travels to areas fed by in vessels still in tact.
If the sudden symptoms appear, urgent treatment could reduce the risk of a subsequent stroke.
A 2016 study found that quickly taking an aspiring after a mini stroke could quickly avert the risk of death and disability.
Doctor O’Donnell added: “Sudden loss of vision should prompt a visit to your local A&E straight away. If the nerve controlling the eye’s muscles has been affected, this can cause blurred of double vision, or difficulty focussing on objects because the eyes are not always able to keep still.
“Some people after stroke have difficulty in processing information coming from the eyes. This can result in difficulty recognising colours, once family faces or objects.
“Shadows and hallucinations can even occur where people ‘see’ moving shadows, shapes or objects appears in the affected area of the visual field.”
Uber Technologies (UBER) closed the most recent trading day at $39.75, moving +0.58% from the previous trading session. The stock outpaced the S&P 500’s daily loss of 0.91%.
Heading into today, shares of the ride-hailing company had lost 0.85% over the past month, lagging the Computer and Technology sector’s gain of 2.86% and the S&P 500’s gain of 0.01% in that time.
UBER will be looking to display strength as it nears its next earnings release. In that report, analysts expect UBER to post earnings of -$0.43 per share. This would mark year-over-year growth of 30.65%. Our most recent consensus estimate is calling for quarterly revenue of $4.4 billion, up 40.76% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.20 per share and revenue of $16.32 billion. These totals would mark changes of +94.82% and +35.08%, respectively, from last year.
Any recent changes to analyst estimates for UBER should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 27.83% higher within the past month. UBER currently has a Zacks Rank of #3 (Hold).
The Internet – Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 156, which puts it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Uber Technologies, Inc. (UBER): Free Stock Analysis Report
On Friday, 158 Covid related deaths were reported in the UK as the Government released the updated travel restrictions. The amber list is now merged with the green list as the international travel traffic light system will be simplified in England, starting from October 4.
With only the red list remaining, fully vaccinated people will not need to take a pre-departure test before leaving a country which is not on the red list.
Along with scrapping the amber list, Transport Secretary Grant Shapps also announced that eight countries will be removed from the red list on October 4.
Wales said it would follow England in removing Turkey, Pakistan, the Maldives, Egypt, Sri Lanka, Oman, Bangladesh and Kenya from the red list.
While uncertain if these changes will be permanent, a Downing Street spokesman cautioned that “the pandemic is still ongoing and there is always the chance of unexpected challenges, such as an even more transmissible or more deadly variant emerging”.
READ MORE: EU in crisis: Why Ursula von der Leyen is facing fire
An antibody cocktail is set to be offered to people hospitalised with the virus whose bodies struggle to produce defences against the disease, according to the UK Government.
Sajid Javid, health secretary, said: “We have secured a brand new treatment for our most vulnerable patients in hospitals across the UK and I am thrilled it will be saving lives from as early as next week.
“The UK is leading the world in identifying and rolling out life-saving medicines, particularly for Covid-19, and we will continue our vital work to find the best treatments available to save lives and protect the NHS,” he added.
Ronapreve, co-developed by Roche and Regeneron, is the first neutralising antibody medicine aimed at combating Covid set to be authorised by the UK medicines regulator.
Paul McManus, Covid head at Roche Products, has said that the antibody cocktail represented “a significant milestone in how the NHS is able to fight this disease”.
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Monty Don has admitted one of his shows was “not commissioned” anymore by the BBC in a candid chat with a fan. However, the Gardeners’ World host admitted he’s very “very happy and busy” with what he’s already doing on the small screen.
Monty has fronted several shows over his years broadcasting on the BBC.
Recently a fan named TMatrix2020 reached out to him asking for an update on one of his older shows.
They penned: “Stumbled upon Big Dreams, Small Spaces on TogetherTV and really enjoyed it.
“Lovely to see @TheMontyDon interact with the public on their projects, you get a different angle of insight to Gardeners World, and get to know Monty as a person better, shame only seems to be 2 series.”
READ MORE: Phillip and Holly giggles as Harry and Meghan photoshoot mocked
Viewer PeteMcAndrew then added: “I loved it too. Someone should start a campaign…”
“It’d be great to have it on @BBCiPlayer,” replied GodsonLynn while Cherrycoombe wrote: “Pity.”
Another follower then reached out to him, suggesting he should “do more presenting”.
User MartinwWhite72 wrote: “Would love to see you do more presenting Monty.
“Maybe a series on dogs or dog training?”
The Gardeners’ World host then hit back at the fan, pointing out he is “very happy and busy”.
He penned: “I have done a great deal of various programmes over the past 32 years and am very happy – and busy – with what I have lined up at the present.”
Elsewhere, Monty has admitted he’ll be taking a brief break from presenting his BBC show.
The host will be replaced by Adam Frost this week once again, which he announced on last week’s edition of the show.
He told BBC viewers he won’t be appearing at Longmeadow this week.
Monty explained: “I’m away next week but Adam will be taking the reins.
“You can join him in his garden at 8.30pm next Friday so until then, goodbye.”
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Finding Anthony Joshua’s sparring partners to prepare for Oleksandr Usyk was a ‘nightmare’ but David ‘KD’ Ghansa reveals how he selected high-class contenders…
Who are Joshua’s sparring partners?
Sky customers: Buy Joshua vs Usyk Non-Sky customers: Buy Joshua vs Usyk
“He was on our list for a very long time,” David ‘KD’ Ghansa, part of Joshua’s management team who sources sparring partners, told Sky Sports. “He was in Australia but I randomly got a call saying: ‘He’s in the country’.
“He’s a big guy, he’s strong, he fights well going backwards and forwards.
“He is ranked No 10 with the IBF so is a potential contender. So we are gauging a guy who could become a mandatory challenger as well.”
The Australian, unbeaten in 19, has been sparring up to 15 rounds consecutively with Joshua. He told Sky Sports: “I consider myself a technical fighter. I like to be nice and sharp. I’m quite fast and explosive for a heavyweight. Those are definitely my strengths. I like to showcase my speed.”
“Bernd Boente [the former manager of Wladimir Klitschko] sent me a phenomenal gem,” said Ghansa.
“He is 21. He is unbelievable!”
Germany’s Jurk is an amateur awaiting the chance to turn pro.
“Everybody loves his character and his boxing ability. He is a kid who can do everything and anything, even though he’s still growing.
“He is baby-faced but 6’9”!
“He is light on his feet, powerful and strong. He is so confident and has been doing really well. He is one to watch, he’s going to be amazing.”
“Funnily enough, I just saw a kid smashing pads on Instagram! He was like a little Mike Tyson,” said Ghansa. “Then someone else mentioned his name.
“We dissect attributes from fighters. We are not looking for the complete fighter.
“We wanted to have strength. Vartan is a powerhouse even though he’s only 6’2”.
“His power is phenomenal.”
“He is definitely very good,” said Ghansa. “He recently fought Frazer Clarke in the amateurs, which Frazer won.
“So Rob McCracken [Joshua’s trainer and the Team GB Olympic coach] has obviously seen Marko up close.
“He was coming over to spar with Alen Babic. I said: ‘We’d love to bring you here for two weeks’. He stayed for five.
“He is a switch-hitter – he’s a southpaw who can switch it up and apply orthodox as well.”
“Great guy, very good. He’s Irish so you know he is a warrior,” said Ghansa.
“He came and put in a real shift and gave Anthony that work.
“People need to tune in to Carty – he will blow up, he will cause these guys problems, and his chance will come.”
Carty told Sky Sports about being a southpaw heavyweight: “It’s a tactical advantage but only if utilised properly. I don’t have an extra arm or leg. But I do see the benefits. So many orthodox guys have only boxed orthodox fighters.”
“Nobody wants to fight him. He’s a man of many styles and is an all-round professional who trains very hard,” said Ghansa.
“He’s a cruiserweight who was in Derek Chisora and Lawrence Okolie’s camps as a sparring partner.”
Parwani told Sky Sports how he is able to mimic Usyk: “I have a little bit of the same style. I work more with my feet. I am a slick guy with a lot of movement. Usyk is also a slick guy, he isn’t a puncher.”
The Russian-born heavyweight represented his adopted nation, Bahrain, at Tokyo 2020. He sparred with Joshua before and after the Olympics.
The ‘nightmare’ to find sparring partners!
The job description changed from 6’9” colossuses to southpaw tricksters overnight. The “nightmare” of logistics made the sourcing of Joshua’s sparring partners even more difficult.
Joshua was initially preparing to fight Tyson Fury before attention turned to Usyk.
“It has been really difficult,” Ghansa told Sky Sports. “Look at the top 10 across every governing body, there are basically no southpaws. In the top 20 there are one or two and they don’t all possess what we need.
“Charles Martin has already fought AJ. Otto Wallin we contacted but, due to travel restrictions, we couldn’t bring him in.
“Lenroy Thomas and Mike Perez couldn’t come due to injuries.
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Anthony Joshua on fighting at Tottenham Hotspur Stadium
“It has been a nightmare sourcing the correct guys and getting them into the country.
“Now, AJ is getting the best work possible. It has been a mix of guys with experience.
“Derek Chisora and Tony Bellew [Usyk’s former opponents] have been telling the sparring partners what to do. We spoke to Chisora and Bellew and, no matter what people might think, Usyk can hit.”
Sky Sports Boxing schedule
September 25 – Sky Sports Box Office Anthony Joshua vs Oleksandr Usyk – IBF, WBA, WBO heavyweight titles Lawrence Okolie vs Dilan Prasovic – WBO cruiserweight title
October 2 Chris Eubank Jr vs Sven Elbir David Avanesyan vs Liam Taylor – European welterweight title Richard Riakpohre vs Krzysztof Twardowski Mikael Lawal vs Steven Ward
October 16 Savannah Marshall vs Lolita Muzeya – WBO middleweight title Hughie Fury vs Christian Hammer
October 24 Jamel Herring vs Shakur Stevenson – WBO super-featherweight title
November 6 BOXXER tournament
December 18 Josh Taylor vs Jack Catterall – undisputed super-lightweight title