The Labour Party says its general election manifesto plans would raise an extra £6.5 billion from income tax.
Income tax for people earning over £80,000 will be raised to 45 percent while those earning more than £123,000 would be taxed at a 50 percent rate.
Other plans include an ‘excessive pay levy’ on salaries above £330,000, free childcare, and the nationalization of England’s ten water companies.
Liberal-Democrats proposing a 5p charge on disposable cups.
Fewer than 1 in 400 disposable cups are recycled in the UK.
In a bid to curb wastage, the Liberal Democrats have proposed a 5 pence charge on disposable cups.
The party wants to repeat the success of the plastic bag charge.
More than two billion disposable cups are thrown away in the UK every year.
Our reporter, Nora Hoel, visited ‘Out of the Brew’ in New Cross, where a 5 pence charge is already in place.
UK inflation rate on record high since September 2013
— Financial Times (@FinancialTimes) May 16, 2017
Official figures from the Office for National Statistics (ONS) have revealed that the inflation rate is above the Bank of England’s 2% target.
Inflation now stands at 2.7%, up from 2.3% in March.
Factors contributing to the rise are said to be higher air fares, and the increased cost of clothing, vehicle excise duty and electricity.
McDonald’s apologies for advert ‘exploiting child bereavement’
A McDonald’s TV advert, which shows a boy asking his mother about his dead father, has been accused of exploiting childhood bereavement.
The Advertising Standards Authority received about 100 complaints on Monday, and there are more coming in.
The advertisement is also receiving a lot of criticism on social media.
President of the children’s bereavement charity, Grief Encounter, Dr Shelley Gilbert, said the advert has unsuccessfully exploited childhood bereavement as a way to connect with young people and surviving parents alike.
The fast food giant has issued an apology and announced it will be withdrawing it from all media.