Money - NEWS YOU NEED TO KNOW !

Dec

20

2023

1 Comment

By Akhil Vaid

Minimum Wage and life in the United Kingdom

Moneyeconomy, government, minimum wage, Money, uk, United Kingdom

Minimum Wage and life in the United KingdomMinimum wage was invented to regulate employers. It first emerged during the 1870s, as there were no concrete employment laws as they are existing and enforced today. The trade unions in the United Kingdom were presenting continuous strikes in demand for better wages that would help them achieve better living conditions, health, sanitation and housing. They argued that the minimum wage should provide reasonable time for recreation and rest as well as reasonable home comforts and be sufficient to allow them to discharge the duties of citizenship. Presently The National Minimum Wage Act…

Why does the government need money ?

MoneyGovernmnet, Money, Taxes, United Kingdom

Why does the government need money ?Government needs money to run its various departments, pay the government employees and provide its citizens goods and services such as hospitals, schools, social security, national defense, law enforcements, disability payments and unemployment support to name a few. Without these services and public goods it would be impossible to run a country.How does the United Kingdom Government generate revenue ?Main income source of the United Kingdom government is taxation. Corporate Taxes, Income Taxes, Value Added Taxes are few streams that generate revenue for the governments.Why does the United Kingdom Government borrow money? All governments like…

10 money tips for 2023

Money

Budget Wisely: Develop a realistic budget that outlines your income, expenses, and savings goals. Track your spending to identify areas where you can cut back.Emergency Fund: Establish an emergency fund to cover unexpected expenses. Aim for three to six months' worth of living expenses to provide a financial safety net.Save Regularly: Make saving a habit. Set aside a portion of your income each month for both short-term and long-term goals. Consider automating your savings to ensure consistency.Prioritize High-Interest Debt: Tackle high-interest debt first. Paying off credit cards and loans with high-interest rates can save you money in the long run.Invest…