The Independent

The Chancellor could officially delay some major capital projects on Monday, when she is expected to tell Parliament that the Conservatives left Labour with a dire spending inheritance, including a £20 billion black hole in the accounts.Rachel Reeves could delay a string of key hospital and road schemes she will argue are “unfunded with unfeasible timelines” to plug the shortfall, according to the Financial Times.Road projects with cost estimates driven up by inflation and the Tories’ pledge to build or expand 40 hospitals could be postponed, the newspaper reported.This could include the Lower Thames Crossing, a proposed road project which...

Chancellor could delay major infrastructure schemes to plug spending shortfall

The Guardian

Making billionaires pay their fair share into state coffers would allow Starmer’s government to effect real change, but soaking the rich is a hard sell for voters

Taxing the rich could solve many problems. Why is it so difficult? | Phillip Inman

Money Week

Speculation is mounting that capital gains tax will be reformed in the Budget - and one option is to charge bereaved families the tax on top of inheritance tax. We explain how it could work

Could Labour impose a “double death tax” of more than 50%?

 Rachel Reeves is considering plans to raise capital gains tax in line with income tax to help plug a £20bn hole in the public finances, according to reports.The chancellor will be presented with proposals by Treasury officials ahead of a speech in which she will declare Britain “broke and broken” and reveal the scale of Labour’s dire financial inheritance from the Conservatives.Another option being considered by Ms Reeves is cutting pension tax relief for middle-class workers, The Sunday Telegraph reported.Any tax changes will be announced in the budget this autumn. Ms Reeves will confirm the date of the autumn...

Reeves to consider capital gains tax plan to help fix ‘broke Britain’

A mix of stories lead Friday's papers, including a look ahead to a big speech by the chancellor on Monday.

Potential 'autumn tax raid' after '£20bn hole in public finances'

NBC News

Up to $9 trillion is expected to be passed along to spouses and partners in the coming years as part of what’s being called “the horizontal wealth transfer,” according to a new report. Over the next 20 to 30 years, aging baby boomers and older generations are...

Women are set to inherit trillions of dollars in the great 'horizontal wealth transfer'

WashingtonExaminer

Retirees born between the 1st and 10th of the month can expect to receive their Social Security check in their hands by Aug. 14. The highest amount possible to receive is $4,873, reserved for the highest-income earners who retired at 70. However, a person is eligible to begin receiving payments when they turn 62, but […]

Social Security update: First round of August payments worth $4,873 to go out in 17 days

Up to 115 jobs are at risk under plans to close a McCain Foods factory in Lincolnshire. The manufacturer said it had launched a consultation into the future of the plant near Grantham. McCain is proposing to end production of a brand of microwave chips called Fries To Go, which...

Chips factory closure plan puts 115 jobs at risk

New York City, NY

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Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

Andrei Tudorov, Lyuben Gogov, Narcis Titianu, and Ioan Toma died when their car hit a tree.

Families pay tribute to four friends killed in crash

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

The Ministry of Justice said public safety would always be the government’s priority.

People 'left in the dark' over prison closure

Kiplinger

The agency has resolved a major point of uncertainty for inherited IRA beneficiaries.

IRS Ends Inherited IRA Confusion: Annual RMDs Required for Many

A man in his 50s was found unconscious and his injuries are thought to be life threatening.

Man left with serious head injury after street fight

An investigation has been launched after a worker died at a care home in Coventry. Emergency services were called to Grove House Residential Care Home, Keresley, at about 08:40 BST on Wednesday. A woman in her 60s was given advanced life support after she was found in a critical condition,...

Investigation after worker dies at care home

A historic transfer of wealth is now in motion as trillions of dollars held by older generations are moved down the line. And according to a new report, one under-explored facet of the transfer is just how much money is about to move “horizontally.”. In its 2024 Global Wealth...

$83,000,000,000,000 Transfer of Wealth Kicks Off – With Trillions Shifting To Spouses Before Being Surrendered To Next Generation: Report

Witnesses tell police five men attacked the boy before fleeing in a car.

Boy,17, stabbed multiple times

A police officer has been found guilty of gross misconduct after conducting an affair with a colleague while on duty. The unnamed Humberside sergeant visited the woman's home a number of times during his shift using an unmarked police car. A misconduct tribunal heard the officer admitted the behaviour and...

Officer guilty of gross misconduct over affair

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NewsByJoshua

Applying for Social Security disability benefits is about to get easier, thanks to a new policy from the Social Security Administration (SSA). Starting soon, the SSA will streamline the application process by focusing more on recent work history and eliminating unnecessary bureaucratic hurdles.

Social Security disability process is being simplified

Police are investigating a "sickening, heartless assault" on a horse, which was found dead and mutilated in a field. Nottinghamshire Police said Alfie, a 16-year-old traditional tri-coloured cob, was found at a property off Owday Lane, Carlton-in-Lindrick, Worksop, at about 10:30 BST on Thursday. Alfie was last seen fit and...

Horse killed and mutilated in 'cruel' attack

NewsBreak

Reeves to axe projects to plug budget black hole

The chancellor is set to announce immediate cuts worth billions of pounds, aimed at plugging a £20bn black hole in the finances, when she addresses Parliament...

Reeves to axe projects to plug budget black hole

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