HMRC have dusted off their direct recovery powers. Owe more than £1,000 and ignore the bill? They can now take the money straight from your bank account (yes, including a cash ISA). These powers were introduced in 2015, paused during the pandemic, and are back in a “test and learn” phase. HMRC say they’ll visit first, leave at least £5,000 in your account, and only act after appeals are over.
Donald Trump’s latest move – slapping sweeping tariffs on global imports – has sent a ripple (more like a tidal wave) across the world’s economies. He’s stuck a 10% tariff on most imports and a whopping 25% on goodies like steel, aluminium, and automobiles. While the UK wasn’t exactly in his crosshairs, we’re still catching a fair bit of friendly fire.
Economic Growth and Trade – Mind the (Growing) Gap
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HMRC have dusted off their direct recovery powers. Owe more than £1,000 and ignore the bill? They can now take the money straight from your bank account (yes, including a cash ISA). These powers…
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