Financial news

• The Guardian view on the two-child cap: scrap this nasty policy | Editorial

  14-07-2024 19:15 via theguardian.com
  
  ‘The worst social security policy ever’ impoverishes children, humiliates women and penalises ethnic minorities. Keir Starmer must abolish the two-child cap on benefitsSir Keir Starmer wants to end child poverty. One of his defining five missions is to “break down barriers to opportunity … to make sure there is no class ceiling on the ambitions of young people in Britain”. And last year he pledged his government would be “laser-focused on poverty”.Fine
  
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• Labour should scrap two-child benefit cap sooner rather than later | Larry Elliott

  14-07-2024 15:10 via theguardian.com
  
  Families cannot afford to wait until UK government says there is money to spare to make such a decisionThe first real test of Labour’s hardline approach to public spending has surfaced within a week of the party taking office – and it is a big one.The issue is child poverty and in particular the two-child benefit limit introduced by the Conservatives in April 2017. This prevents households from claiming universal credit or child tax credit for a third or any subsequent child born aft
  
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• Labour can end austerity at a stroke – by taxing the rich and taxing them hard | George Monbiot

  14-07-2024 14:00 via theguardian.com
  
  The focus on growth to ease the UK’s economic ills will not be nearly enough, but there is a way to raise the sums neededNever let your opponents define the terms of a debate. All too often, Labour has allowed the Conservatives and the billionaire press to demonise the notion of “tax and spend”. It went to great lengths before the election to assure voters it had no such intention. Now it drives home the message: instead, our needs will be met by “growth, growth, growth&r
  
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• The rich were led to believe they were different. Those days are numbered | Will Hutton

  14-07-2024 10:30 via theguardian.com
  
  Wealth is a privilege, and with it comes the obligation of paying tax to benefit society‘Let me tell you about the very rich. They are different from you and me,” wrote F Scott Fitzgerald in 1925. “They think, deep in their hearts, that they are better than we are because we had to discover the compensations and refuges of life for ourselves. Even when they enter deep into our world or sink below us, they still think that they are better than we are. They are differen
  
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• Money for nothing: is universal basic income about to transform society?

  14-07-2024 10:00 via theguardian.com
  
  The concept of a guaranteed income is gaining traction as a solution to the impact of AI and way to encourage more rewarding and socially valuable workWhen Elinor O’Donovan found out she had been randomly selected to participate in a basic income pilot scheme, she couldn’t believe her luck. In return for a guaranteed salary of just over €1,400 (£1,200) a month from the Irish government, all the 27-year-old artist had to do was fill out a bi-annual questionnaire about her w
  
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• Low alcohol sales boom ahead of Euros final

  14-07-2024 09:00 via theguardian.com
  
  More fans are embracing ‘nolo’ booze and canned ‘mocktails’ while watching the game to be sure of a clear head the next dayFor some England fans it would be unthinkable to watch the Euro 2024 final without a beer in hand, but with the prospect of work in the morning, many will be dodging a hangover by switching to alcohol-free booze.Retailers have seen huge sales of no- or low-alcohol (nolo) beer, cider, wine and canned “mocktails” in the past few days, as hos
  
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