Latest news with #OfficeForNationalStatistics
Bloomberg
a day ago
- Health
- Bloomberg
UK National Health Service Productivity Lags as Doctors Strike
Britain's National Health Service is almost a tenth less productive than before the pandemic, official figures show, a performance that will renew concerns about value-for-money for the taxpayer amid a fresh wave of doctor strikes. Analysis by the Office for National Statistics revealed that health-care productivity in the UK was 8.8% lower last year than in 2019. As the NHS accounts for 39% of total UK public spending, its problems weighed heavily on the public sector as a whole. Total public-service productivity, which includes education, defense and policing, was 4.2% lower than five years earlier, before Covid hit.
BBC News
2 days ago
- Business
- BBC News
Rent worry stops man feeling 'too comfortable' at home
A man who works two jobs said the insecurity of renting means he cannot "feel too comfortable" in his own Jenkins, a supply teacher and a bar supervisor, had to leave the flat he lived in for 12 years after his landlord said he was selling Mr Jenkins, from Llanelli, Carmarthenshire, said the flat ended up back on the rental market for £350 a month more than he had been sector rents in Wales rose by 8.2% in the year to June, according to the latest estimates from the Office for National Statistics (ONS) while fresh data from Principality Building Society suggests house prices remain stable amid "surging" sales. Average private rent in Wales rose to £804 per month in June, though increases are well past their record peak of 9.9% in the year to November 2023, according to the Price Index of Private Rents. Mr Jenkins, 56, said having to leave the home his son grew up in left him with the "niggling thought" that he did not want to "feel too comfortable, just in case" it happened again. When he was looking for a new place in 2022 he had to choose carefully because "they were asking crazy money for some of the properties which I just wasn't in a position to be able to afford."Last year the rent on his house increased from £550 to £600 a month, which he believed was "fair", but said it could be a struggle during school holidays when his supply work dries up. Stephen Davison, 61, from Llandudno, Conwy county, lost his job during the pandemic and has to use his savings to pay his rent has gone up £100 a month which, in addition to repeated council tax in recent years, has made paying his bills more of a said: "You go from having made some plans for the future to having everything thrown up in the air. I don't know where I will be if I can't get another job."My savings are going down, my prospects of getting a job are going down and you feel insecure." Estate agent Douglas Haig, a director of the National Residential Landlords Association, said he expected rent increases in Wales to taper down as a number of cost increases for landlords "have started to bed in now".He added: "It gets to a point where there is a there's a ceiling on what the general market can afford. And I think we're getting to that point." The average house price was £238,098, an increase of 0.7% on the year, according to Principality's Wales House Price Index for April to June, while the number of sales rose 13%.Nine regions saw an increase in average property prices, while 13 had a Mansfield, Principality's chief financial officer, said affordability challenges for first-time buyers were "starting to ease" after Bank of England interest rates cuts made mortgage rates some people are stuck renting, a sustained increase in sales over the past 15 months shows it is getting more affordable for others to get on the property ladder, he added."A stable housing market, where prices aren't increasing at huge percentage points… means the accessibility for buyers to come into the market is more straight forward." Former police officer Paula Spence moved into her new family home in Cwmbran, Torfaen, two weeks and husband Graham previously downsized, but when their three children and grandchildren came back to live with them, they needed somewhere Spence said they found a buyer for their house within two days but it was "a struggle" to find the right place to buy."There were a few things out there but in a higher bracket than we wanted to pay, so we felt really lucky that we got this," she said."The family are happy and we've all got our own space, so it's all good."
BBC News
3 days ago
- Business
- BBC News
Half of North Norfolk coastline properties are owned outright
Almost half of homes in North Norfolk are owned outright by their occupants, a higher proportion than any other council area in data from the Office for National Statistics (ONS) showed 49.8% of properties there were fully paid for, with no money owed to area, which includes the seaside towns of Cromer and Sheringham, also had the largest percentage of population aged 65 and over in ONS said areas with the greatest proportion of homes owned outright tended to be in coastal regions or away from cities. Other hotspots for homes owned outright included Rother in East Sussex (48.7%), Staffordshire Moorlands (48.3%), the Derbyshire Dales (48.2%) and East Lindsey in Lincolnshire (47.3%).The data was published as part of the latest estimate of household tenure, including accommodation that is rented or owned with a mortgage or loan. It also showed 21.2% of properties in North Norfolk were owner-occupied with an outstanding mortgage or loan, 18.1% were privately rented and 10.9% were social rented. In 2023, North Norfolk was said to have the highest level of homes either lying empty or infrequently used in England, outside the City of London. At the time, nearly 6,000 of its 55,000 homes were either second homes or long-term empty homes. Follow Norfolk news on BBC Sounds, Facebook, Instagram and X.
Telegraph
4 days ago
- Business
- Telegraph
Quitting high-tax Britain? Here's where to move for the most money
Faced with rising taxes and broken public services, many British workers may be wondering if it is time to pack their bags and take their career in a more international direction. Chancellor Rachel Reeves is widely expected to raise taxes this autumn in order to bolster the public finances, fuelling speculation that she could launch a raid on people's savings, properties and investments. But whatever happens, the Government's tax freeze will still leave Britain on track for the highest tax burden since the Second World War. The Conservative government's decision to freeze income tax bands – and cut the threshold at which the top 45pc rate kicks in – means any pay rise a worker receives is soon eaten up by soaring tax bills. The freeze is currently in place until April 2028, but the Chancellor may choose to extend it further in order to generate billions of pounds for the Treasury. Many workers have had enough. An estimated 517,000 have left the country in 2025 so far, up 11pc year-on-year, according to the Office for National Statistics. Of these, 77,000 were British nationals. Higher earners and entrepreneurs are among those jumping ship. Around 4,400 business leaders have moved overseas in the last year, according to Bloomberg analysis of Companies House data, with the number departing in April up 75pc year-on-year. Recent tax changes have given some workers an even bigger incentive to move abroad. Following increases to capital gains tax rates, investors selling company shares will now pay 18pc to 24pc on profits over £3,000 a year, up from 10pc to 20pc previously. However, moving overseas, selling up and being non-resident for at least five years would allow them to dodge the charge. In addition, expats can now escape inheritance tax on their assets after 10 years thanks to the new 'non-dom' reforms. But working out where to relocate can be a challenge. Beyond salary, it is important to factor in the cost and quality of living, as well as how much tax you are likely to pay on income earned. Here, we outline the best countries to move to for a higher disposable income. Dubai of the United Arab Emirates (UAE) is an increasingly popular destination among British expats. Living there is expensive, and workers will need to pay for medical insurance, but with no income tax, they can keep more of what they earn. For example, a finance director could earn between $173,000 and $258,000 in Dubai, according to recruitment firm Robert Half, compared to between £100,000 and £150,000 in London. Among the UAE's biggest industries are oil and gas, financial services, real estate and hospitality. Bob Parker of Holborn Assets, a financial advice firm, said: 'Saudi Arabia is a next door neighbour and is about to become the next big thing – Neom is attracting the world's attention and thousands of key workers who currently prefer to have their families in Dubai.' The majority of expats are found in Dubai, he added. However, many are also found in Abu Dhabi 'and the lesser-known but fast-growing Emirate of Ras Al Khaimah, an hour's drive from Dubai and with much cheaper housing'. How much tax will I pay? There is no tax on income in the United Arab Emirates. Cost of living In Dubai, rent is typically paid upfront as part of a one-year fixed-term contract. As of June 2024, the average apartment and villa rents stood at AED 56,000 (£11,265) and AED 166,000 per annum (£33,393), respectively, according to CBRE. Meanwhile, someone buying property could expect to pay about $850 per square foot, according to estate agents Savills, working out at about $680,000 for a property of 800 square feet. Emirati nationals can access public healthcare for free, but British expats must pay. Both nationals and expats are required by law to have health insurance. You may also want to pay for a health card, which costs 320 dirhams (£64) for an adult. A monthly Metro pass in Dubai is likely to cost about 350 dirhams (£70). Moving there To work and live in the UAE, you need a residence visa. If you are employed by a company based in the UAE, they can apply for a standard residence visa on your behalf, usually valid for two years. However, getting a company to sponsor you is not the only way to move to the UAE. The country also offers green visas to 'skilled workers' earning more than 15,000 AED (£3,016) a month, with a bachelor's degree and an employment contract. Investors and freelancers – also with a bachelor's degree – can qualify, provided they have earned more than 360,000 AED (£72,387) annually over the past two years. The visa permits employees to live and work there for five years. Mr Armoils said: 'The UAE is relatively easy to migrate to, especially for wealthy people that buy a property there.' This is because 'golden visas' are available to investors who buy a property worth more than AED 2m (£402,000), as well as: Entrepreneurs who own a business with an annual revenue of AED 1m or more. 'Outstanding' students from top universities. Doctors. Scientists. Inventors. Executives. Specialists in scientific fields. Athletes. Doctoral degree holders. Specialists in the fields of engineering and science. Nurses, medical assistants, lab technicians and pharmacologists who worked on the frontline of the pandemic. Once you have your own residence visa, you can sponsor family members to come and join you. Expats will have to undergo a medical check to get a visa in the UAE. This will include a blood test. If you test positive for diseases such as HIV or hepatitis, then you will not be granted a visa. Salaries in Switzerland are the highest in Europe, and among the highest in the world, making it a top destination for migrants looking to bump up their pay cheque. Major companies based in Switzerland are Nestlé, Zurich Insurance Group and Glencore. How much tax will I pay? Working out your rate of income tax in Switzerland is complicated. The maximum overall rate of federal income tax is fairly low, at 11.5pc. However, each of the 26 cantons also has a separate law for cantonal taxes. Cost of living Switzerland is widely considered the most expensive country in the world. The World Population Review estimates it has monthly living costs of $2,896 (£2,149) per month. The median monthly rent for apartments in Switzerland is CHF 1,451 (£1,352) according to the Federal Statistical Office. In Zurich, it may be more common to spend over CHF 1,722 (£1,651). However, based on an average salary of CHF 81,456 (£75,900), this would still leave someone with a decent amount of disposable income each month. You should also expect to pay around CHF 379 (£353) a month on health insurance, which is compulsory in Switzerland. Depending on how many zones you travel within, an annual public transport pass in Zurich could cost between CHF 474 (£423) and CHF 2,295 (£2,138). Moving there You will need a company to sponsor you in order to work in Switzerland. Generally, the State Secretariat for Migration (SEM) will only give authorisation if you are a manager, specialist or otherwise skilled worker. If you want to be self-employed in Switzerland, then you will need to show that your self-employment 'will have a lasting positive effect on the Swiss labour market'. To do this, you will need to submit a range of documents including a business plan, planned investment, projected turnover and profit. Australia is expected to attract 2,500 millionaires from other countries this year, according to Henley & Partners. Among those heading for Australia's sandy beaches are British doctors. An anaesthetist working as a consultant for the NHS and earning £115,000 a year could double their salary in pounds by moving down under. Australia's minimum wage is higher than most, at AUS $24.95 (£12.17) per hour. It also has set salary requirements for expats, with employer-sponsored workers needing to earn AUS $76,515 (£37,312). How much tax will I pay? If you reside in Australia for more than half of the year and you intend to stay in the country, then you will be considered a resident for tax purposes. Whereas the income tax rates for non-residents range from 32.5pc to 45pc, for residents the range is between 0pc and 45pc. Cost of living Australia is in the grips of a housing crisis, so expats can expect to spend a significant portion of their income on mortgage or rental costs. Average rental costs in Australia are AUS $520 (£253) per week for an apartment or AUS $580 (£282) per week for a house, according to data from Domain. But some cities are significantly more expensive – while renters in Melbourne can expect to pay AUS $575 (£280) a week for an apartment, in Sydney the norm is AUS $740 (£360) per week. Similarly, buying a house will cost on average $1m (£490,000), although prices vary around the country, with the average in South Australia at $862,000 (£420,000) compared to $1.25m (£610,000) in New South Wales. Australia's healthcare system is a blend of public and private. Its public health system, known as Medicare, provides essential hospital treatment, doctors appointments and medicine for free, or for a reduced cost. The UK has a Reciprocal Healthcare Agreement with Australia, so while in the country, British expats can access emergency healthcare for free. However, additional services such as dentistry, ophthalmology and physiotherapy are part of the private system. Cost for health cover varies depending on your age, and the level of care you want to pay for. For just hospital treatment, a person can expect to pay $2,339 (£1,138) for those under 36, $2,902 (£1,411) for people between 36 to 59 and $3,304 (£1,607) for those aged 60 and over, according to financial comparison site Canstar. For combined hospital and extras, it's $3,199 (£1,556) for those under 36, $3,719 (£1,809) for those between 36 to 59 and $4,176 (£2,031) for those aged 60 and over. You could choose to get just insurance for 'extras' – at a cost of $907 (£441) for lower level of coverage, $1,109 (£540) for mid level coverage and $1,239 (£603) for higher level of coverage – given Medicare covers emergency treatment. Moving there The Employer Nomination Scheme visa lets companies nominate workers to stay in Australia permanently. To be eligible, your job must be on the relevant list of eligible skilled occupations, which includes accountants, engineers and doctors. 'People that move to Australia generally need to fill some kind of critical skills shortage,' said Mr Amoils. 'Migrants to Australia also need to show they financially support themselves.' Professions where there is a skills shortage include car, medicine and programming. You can also get a temporary visa for up to four years if you are filling a role that the company is struggling to hire for. You can earn significantly more working in the US compared to the UK. The average salary was just over £46,000 in the US last year, according to the US Bureau of Labor Statistics, compared to £37,000 in the UK, according to the Office for National Statistics (ONS). The trade off is fewer benefits. For example, British workers get a minimum of 28 days of annual leave per year, compared to 10 days for American workers. The top places in the US attracting expats are the San Francisco Bay Area, for tech, and New York City for finance roles. Andrew Argoils of Henley & Partners said: 'Commuter towns near New York City such as Greenwich, Darien and Old Westbury also have very high average incomes.' However, living in New York or San Francisco will be far more expensive than living in a less populous, more obscure area. How much tax will I pay? The US has seven federal income tax brackets, with rates of 10pc, 12pc, 22pc, 24pc, 32pc, 35pc and 37pc. The top rate applies to income of over $626,351 (£462,554) for a single person or $375,801 (£277,525) for a married person. On top of this, US states apply their own income taxes. For example, state income tax in New York is charged at between 4pc and 10.9pc. California has the highest top income tax rate at 13.3pc. However, nine states – Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming – have no income tax. You can find out more about them in our guide on where to move in America to pay the least tax. Cost of living Rent in the US varies dramatically across the country. Average rent across the country is $2,106 (£1,564) according to Zillow, a real estate firm. However, this rose to $2,775 (£2,061) for Los Angeles and $3,795 (£2,819) for New York. In New York, you can buy a MetroCard for $132 (£105) a month to ride the subway and buses as often as you like. You'll also need to factor in health insurance costs. According to the Kaiser Family Foundation, a non-profit, the average annual premium for family coverage was over $25,572 (£18,996) in 2024 and $8,951 (£6,649) for an individual. Most Americans get health insurance through an employer, which will cover some of this cost. For family coverage, a worker will typically contribute $6,296 (£4,677) per year or about $525 (£390) per month, while the average worker contribution for a single policy is $1,368 (£1,016). This means about $114 (£84) and $525 (£390) a month may need to be spent on health insurance. Moving there You will generally need to be sponsored by a US employer before you can apply for an immigrant visa. To become a permanent resident, you will need a Green Card, typically only available to highly skilled workers, unless you have a close relative in the US.
Yahoo
4 days ago
- Business
- Yahoo
North Norfolk has highest proportion of properties owned outright
North Norfolk has highest proportion of properties owned outright Nearly half of properties in North Norfolk are owned outright by their occupants, a higher proportion than any other local authority in England, new figures show. The thin strip of East Anglia coastline, which includes the seaside towns of Cromer and Sheringham, has for several years been the area of England with the largest percentage of population aged 65 and over. The data has been published by the Office for National Statistics (ONS) as part of its latest estimates of household tenure, which also includes figures for accommodation that is rented or owned with a mortgage or loan. North Norfolk tops the list for the highest percentage of properties owned outright by occupants (49.8%), followed by Rother in East Sussex (48.7%), Staffordshire Moorlands (48.2%), Derbyshire Dales (48.2%) and East Lindsey in Lincolnshire (47.4%). Three of these five – North Norfolk, Rother and East Lindsey – are also the local authorities where people aged 65 and over account for the largest share of the population. The areas with the greatest proportion of homes owned outright by occupants tend to be in coastal regions or away from cities, the ONS said. The top five with the lowest percentage of outright ownership are all in London: Tower Hamlets (8.4%), Hackney (10.0%), Southwark (10.8%), Islington (11.8%) and Lambeth (12.1%). However, the trend is reversed for properties that are privately rented. Here the top five areas with the highest proportion are all in the capital: City of London (51.8%), Westminster (47.9%), Kensington & Chelsea (42.8%), Newham (41.1%) and Tower Hamlets (41.0%). The bottom five are outside cities and away from heavily built-up areas: North East Derbyshire (10.3%), South Staffordshire (10.6%), Rochford in Essex (10.6%), Bromsgrove in Worcestershire (10.7%) and Maldon in Essex (11.7%). The ONS figures are for 2023 and suggest there were a total of 23.7 million households in England living in 25.4 million dwellings. Of this total, 8.3 million dwellings (32.6%) were owned outright, 7.6 million (29.8%) were owned with a mortgage or a loan, 5.3 million (20.8%) were privately rented and 4.2 million (16.7%) were socially rented, mainly from housing associations and local authorities. Wokingham in Berkshire has the highest proportion of properties owned with a mortgage or loan (42.3%), followed by Dartford in Kent (41.4%), Hart in Hampshire (39.5%), Bracknell Forest in Berkshire (39.4%) and Reigate & Banstead in Surrey (39.0%). The areas with the lowest proportion are again all in London: Westminster (13.3%), Kensington & Chelsea (13.8%), Camden (14.9%), City of London (15.1%) and Islington (17.1%). For properties that are socially rented, the top five areas are in the capital: Islington (38.9%), Southwark (38.5%), Hackney (38.5%), Lambeth (33.4%) and Camden (31.7%). The bottom five are Castle Point in Essex (5.3%), Wokingham (7.1%), Medway in Kent (7.3%), Wyre in Lancashire (7.6%) and Ribble Valley in Lancashire (7.8%).
