"I was going nuts."
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‘WWHL’: Andy Cohen Says He Was “So High On An Edible” When The Backstreet Boys Pulled Him Onstage To Sing
BBG Ventures closes new $60 million fund with focus on ‘polycultural’ founders
BBG Ventures will back startups with founders who are diverse across gender, race, age, and income.
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Tupperware’s sale to lenders approved by bankruptcy judge, keeping the iconic food containers on shelves
Under terms of the deal, a group of lenders is buying Tupperware’s brand name and various operating assets for $23.5 million in cash and more than $63 million in debt relief.
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The CHRO of DHL says a new plan to upskill 160,000 employees will be key to ‘internal fluidity’
The AI-enabled platform feeds employees new growth opportunities with relevant skill sets.
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‘Founder mode’ startup guru Paul Graham explains why he’s not backing Trump—‘He ran the White House like a mob boss’
Y Combinator co-founder Paul Graham calls Trump a 'crook' that cannot be trusted with the nation's highest office.
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Jeff Bezos defends his decision to disallow The Washington Post from endorsing a presidential candidate—’complaining is not a strategy’
Amazon’s founder stands by his words, calling out the decline in media trust.
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Baby boomers say they don’t need to retire now that they can work from home—and they’ve got side hustles on top of their 9-to-5’s
Without the added the grind of commuting, baby boomers essentially have the best of both worlds; they can retain their current income while also taking up gardening, walking and yoga.
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Rachel Reeves announces huge inheritance tax changes to close loopholes and raise £3billion in Autumn Budget
A HUGE change to inheritance tax to close loopholes and raise £3billion has been revealed by the Chancellor.
Rachel Reeves revealed the changes in her Autumn Statement.
Rachel Reeves said: “Only 6% of estates will pay inheritance tax this year. I understand the strongly held desire to pass down savings to children and grandchildren.
“So I am taking a balanced approach in my package today. First, the previous government froze inheritance tax thresholds until 2028. I will extend that freeze for a further two years, until 2030.
“That means the first £325,000 of any estate can be inherited tax-free… rising to £500,000 if the estate includes a residence passed to direct descendants…. … and £1million when a tax free allowance is passed to a surviving spouse or civil partner.”
Inheritance tax is currently charged at 40% on the property, possessions and money of someone who has died if they are worth more than £325,000.
Fewer than one in 20 estates currently pays death duties as many estates fall below this threshold.
But the tax raises about £7billion a year for the Government.
There are several exemptions and reliefs which mean you do not need to pay inheritance tax, including gifts or giving to charity.
There are also exemptions if you leave land or pasture which is used to rear animals or to grow crops through agricultural relief.
How much is inheritance tax?
There’s normally no Inheritance Tax to pay if the value of your estate is below the £325,000 threshold.
You can also avoid paying the tax if you leave everything above the threshold to your spouse, civil partner, a charity or a community amateur sports club.
If your estate’s value is below the £325,000 limit, you will still need to report it to HMRC.
If you give away your home to your children – including adopted, foster or stepchildren – or grandchildren when you die, your inheritance tax threshold can increase to £500,000.
This is called the “main residence” band.
If you’re married or in a civil partnership and your estate is worth less than the upper limit, any unused threshold can be added to your partner’s when you die.
This means their threshold can be as much as £1million.
The standard inheritance tax rate is 40% – but it is only charged on the part of your estate that’s above the threshold.
For example, if your estate is worth £500,000 and your tax-free threshold is £325,000.
The inheritance tax charged will be 40% of £175,000 (£500,000 minus £325,000).
BRITAIN’S MOST MEMORABLE BUDGETS
Today is the first Labour budget for 14 years – and the first ever to be delivered by a female Chancellor.
Brits are bracing for a raft of tax hikes as Rachel Reeves tries to plug the “£22billion black hole” she says she’s found in government accounts.
Here are five other budgets which have caused a stir over the years.
1979 – Geoffrey Howe, Conservative
Margaret Thatcher’s Chancellor Geoffrey Howe slashed both the top rate of income tax and the standard rate.
He also doubled VAT – shifting the tax burden from income to consumption in a huge change for Brits.
Howe also eased controls on foreign exchange in a bid to control inflation.
The budget signalled a massive break from the last Labour government and set the pattern for decades to come.
1988 – Nigel Lawson, Conservative
Nigel Lawson (dad to domestic goddess Nigella) massively slashed income tax again.
The deputy Commons speaker twice cleared the chamber amid noisy protests from Labour MPs slamming the tax cuts.
Lawson also set off a property bonanza by announcing an end to double mortgage tax relief for couples buying homes.
1993 – Norman Lamont, Conservative
In March 1993 the economy was still reeling from Black Wednesday, when the pound crashed out of the European exchange rate mechanism.
Lamont announced tax rises including VAT on domestic gas and electricity.
Later that year Lamont’s successor Ken Clarke froze personal tax allowance and brought in stealth taxes on insurance and plane passengers.
The Lamont and Clarke budgets marked the end of the Tories’s scything tax cuts – and set the stage for Labour’s return to office in 1997.
2002 – Gordon Brown, Labour
Brown raised national insurance by a penny on the pound to fund higher spending on the NHS.
The future PM had fretted over a possible backlash from voters who had re-elected Labour in 2001.
But he managed to pull off the largest rise in health spending in the history of the NHS.
2009 – Alistair Darling, Labour
Labour’s last budget before today came amid the credit crunch and soaring unemployment.
Darling ramped up taxes and borrowing in a bid to fill up draining Treasury coffers.
Tory leader David Cameron blasted Labour’s ‘utter mess’ – and was in power a year later.
2022 – Kwasi Kwarteng, Conservative
Kwarteng unveiled his economic package less than a month after becoming Liz Truss’s Chancellor.
Technically, it was a fiscal statement rather than a budget – but it turned out to be just as seismic.
Rising Tory star Kwarteng announced £45billion in tax cuts including a drop in all rates of income tax.
Markets took frights and the pound went into freefall before the Bank of England waded in to stop a run on UK pension funds.
Mortgage rates soared and Kwarteng was out of the job just three weeks later.
Playing golf is as tough as SAS training says Jason Fox as he reveals how the game keeps him on the straight and narrow
SAS hardman Jason Fox believes mastering the game of golf is as tough as special forces training.
The commando, spent two decades in the military operating in some of the world’s most hostile environments, first started playing just before the pandemic broke out.
Since then he has become a committed golfer who is out on the course as often as his busy schedule allows.
He credits the game with helping him maintain his mental health.
He explained: “Golf is incredibly challenging, but so worth putting the effort in for.
“I’d certainly consider bringing my handicap down as big of a challenge as training for the SAS.”
Former Royal Marine Foxy, 48, was medically discharged from the military in 2012 with a diagnosis of post-traumatic stress disorder (PTSD).
He has told how he struggled with loneliness and considered suicide after leaving the forces.
Foxy now speaks extensively about mental health and uses his experiences to teach audiences how to be resilient and overcome adversity.
And he credits golf with helping him keep a balance to his mental health.
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He continued: “Golf is such a great release for me. It definitely helps keep me on the straight and narrow mentally.
“It’s so important to have a laugh and relax on the fairway. When you’re having a round it’s important to chat.”
Foxy’s passion for the game has seen him team up with trailblazing golf brand Stromberg to launch their Autumn/Winter collection – that allows golfers to attack the green whatever the weather may throw at them.
No stranger to extreme conditions, he put the collection through its paces in the iconic location of Land’s End – which is renowned for having some of the wildest weather in Britain.
He explained: “Britain produces some of the best soldiers in the world – because we train and learn to operate in the worst weather conditions possible. And if you can operate there – then when you’re on a mission everything falls into place.
“The same applies to the golf course. If you can master the game when it’s lashing down – then when it’s blue skies and sun overhead, it’s an absolute breeze. This new Stromberg collection provides the ultimate all-weather protection – so there’s absolutely no excuse not to be out on the fairway.”
And while the similarities between the fairway and special forces operations may not at first seem obvious, Foxy believes there are important parallels.
He explains: “You have to have the courage to put yourself into environments you might be uncomfortable in. It’s all down to the discipline of being able to operate at a very high level under any circumstances.
“There’s no substitute for hard graft and putting the hours in – especially when the conditions are against you.”
Jason Fox was clad in a range of the latest A/W gear, including the Bandit Waterproof Jacket, composed using Stromberg’s most water-resistant & breathable fabric, and the Tour Classic Waterproof Spiked Golf Shoes, featuring a stylish design with dynamic traction to provide on-course versatility.
Starting at just £29.99, golfers looking to weather-proof their wardrobe can now shop the collection in-store and online.
Who are golf's most famous Wags?
The world's top golfers enjoy an incredible lifestyle - and their Wags lead thrilling lives of their own.
Here are some of the most high-profile beauties…
- This former beauty pageant contestant is now an actress and featured in Sharknado 5.
- The daughter of an ice hockey legend who has been branded the ‘world’s sexiest caddie’.
- A Master golfer raced home from his most recent triumph to be by his wife’s side as she gave birth to their first child.
- An athlete who vaulted her way into a modelling career – and her golfer hubby’s heart.
- A keen tennis player and former competitor in the javelin lived with her ex-world No1 husband for two years before getting together.
- Playing off a handicap of three, this sports reporter could give her fella a run for his money on the greens.
- This low-key beauty got married to a superstar golfer in front of Stevie Wonder, Chris Martin and Niall Horan.
- A former gymnast who has been her husband’s rock for 14 years – he even pays tribute to her on his golf balls.
Fuel duty STAYS FROZEN in victory for Sun’s campaign and relief for millions of drivers
FUEL duty has been frozen for a 15th historic year in a massive win for drivers and The Sun’s Keep It Down campaign.
The Chancellor used today’s Budget to stop petrol and diesel prices rising with inflation.
And in a huge boost for cash-strapped Brits, Rachel Reeves confirmed the temporary 5p cut will also remain in place.
Ms Reeves said: “The budget I inherited assumes that fuel duty will rise by RPI next year, and that the temporary 5p cut will be reversed. Keeping the 5p cut and freezing fuel duty would cost over £3 billion next year.
“Given the challenging fiscal position, I must be frank with the House—this is a significant commitment.
“In these tough times, with high living costs and global uncertainty, increasing fuel duty next year would be the wrong choice for working people. It would mean a 7p per litre rise in fuel duty.
“So, I have decided to freeze fuel duty next year and maintain the existing 5p cut for another year.”
The Chancellor declared: “There will be no higher taxes at the petrol pumps next year.”
Motorists have enjoyed frozen rates since 2011 thanks to our campaign with FairFuelUK to protect people at the pump.
WATCH RACHEL REEVES ON NEVER MIND THE BALLOTS
By Ryan Sabey, Deputy Political Editor
RACHEL Reeves will be grilled in a special Budget edition of The Sun’s Never Mind The Ballots show today.
Our Political Editor Harry Cole will put the Chancellor on the spot shortly after she’s finished delivering her crucial address in the House of Commons.
It will be available to watch on thesun.co.uk, YouTube and Sun social channels at 5.30pm.
Topics will include her decision on whether to spare motorists a fuel duty rise, and the expected eye-watering tax rises she will impose.
Since its launch earlier this year, NMTB has cemented its place at the heart of British politics.
During the General Election campaign The Sun was the only print publisher to host back-to-back grillings of Rishi Sunak and Sir Keir Starmer.
Footage from The Election Showdown has been viewed over 15 million times.
NMTB has also featured interviews with ex-PMs Boris Johnson and Liz Truss, as well as senior politicians Nigel Farage, James Cleverly, Wes Streeting, Steve Reed and Bridget Phillipson
If the duty had been allowed to rise in line with inflation since 2010, Britain’s drivers would now be paying 93.47p on a litre of fuel rather than the current 52.95p once VAT is included.
Fears had been mounting the Chancellor could increase fuel duty by as much as 7p to help fill a £40bn black hole in the country’s finances.
But dozens of Tory MPs wrote to Ms Reeves to say it would crush working families and small businesses already drowning under rising costs.
And FairFuelUK founder Howard Cox and Tory MP Saqib Bhatti marched to No10 to deliver a petition on the matter signed by 131,000 drivers.
Mr Cox previously said there was no excuse for targeting drivers in the Budget when duty accounts for 60 per cent of pump prices.
The Sun's 14-year campaign to freeze fuel duty
The Sun has backed drivers as part of the Keep It Down campaign with rates of fuel duty not rising since the start of 2011.
Former Chancellor of the Exchequer Jeremy Hunt earlier this year thanked Sun readers for helping him to make the case to freeze fuel duty in his last Budget.
The freeze meant drivers would not have to face a potential £100 rise in motoring costs as a result of a 12p per litre duty hike.
Our decade-long campaign fights on behalf of readers to freeze duty on petrol and diesel to help deal with rising living costs.
Mr Hunt said: “I know how much Sun readers are feeling the pinch right now.
“Whether you drive a van, a hatchback or a people carrier I know how much you need to be on the road.
“Keeping it down means hard-working people will have an extra £100 this year without having to cut down using their vehicle.”
Businesses only pay 25 per cent tax on profits.
Graham Stringer last week became the first Labour MP to back our crusade to freeze fuel duty.
Mr Stringer, the MP for Blackley and Middleton South said: “It would be a mistake to put fuel duty up.
“It would impact the economy. If we want to improve productivity which we do, hiking fuel is not the way to do it as it would hit businesses and the cost of doing business.”
In a special Never Mind The Ballots episode on fuel duty, Mr Cox also said increasing fuel duty would breach Labour’s manifesto promise not to raise taxes on working people.
He said: “Something like 70 per cent of people drive, 37 million drivers need their car.
“They have got no choice, especially in rural areas and suburban areas.
“We have got a situation where corporation taxes are 25 per cent, income tax, the highest at 40 per cent, and fuel duty is 60 per cent so why put it up even more.”
