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Donald Trump Appeals $464 Million Judgment ,in NY Civil Fraud Case.<br/>Lawyers for Trump announced Monday that the former president and his company will appeal the judgment handed down last week, NBC News reports.<br/>The judgment found that Trump, his company, including sons Eric and Donald, lied for years about his wealth to grow his real estate empire. .<br/>Other penalties from Judge Arthur Engoron include barring Trump from doing any business in New York for three years. .<br/>We trust that the Appellate Division will overturn this egregious fine and take the necessary steps to restore the public faith in New York’s legal system, Trump attorney Alina Habba, via NBC News .<br/>The order was ruled after a long trial from NY Attorney General Letitia James’ case that Trump and his company committed fraud for years...<br/>… by lying about their wealth on <br/>financial documents to receive better rates <br/>on bank loans and insurance policies. .<br/>Trump said the judge's decision was <br/>“election interference” and “weaponization against a political opponent.”.<br/>He also claimed he was being punished for “having built a perfect company, great cash, great buildings, great everything.”
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TheStreet’s Remy Blaire brings you the biggest news of the day, including how the market fared and why Meta is in trouble again in the E.U.
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BSP projects February inflation rate to settle within 2.8%-3.6% range
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Shamsh Tabrez
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Calls have been made to cut a ‘hidden’ tax which is estimated to cost the public and businesses as much as £8 billion every year.<br/><br/>Insurance tax adds an extra 12 per cent on to most insurance policies - which means an average of £67 is added to premiums for car insurance.<br/><br/>This tax shoots up to more than £100 for household with a car when home insurance is added.<br/><br/>It comes after research of 2,000 adults with insurance found 31 per cent have no idea Insurance Premium Tax (IPT) even existed, while another 36 per cent only have a little knowledge about it. <br/><br/>And half are unaware about exactly how much gets added to their policy cost because of this tax. <br/><br/>Mervyn Skeet, director of general insurance policy at The Association of British Insurers, which has launched a campaign calling on the Chancellor to cut the tax levied on insurance, said: “It is high time we unmask this tax which penalises people and businesses for being responsible.<br/><br/>“This tax hits the poorest hardest because they normally spend more on insurance, such as home and motor cover, as a proportion of their income.<br/><br/>“Such a move would not only provide relief to hardworking families and businesses but also foster economic resilience.”<br/><br/>The study also found 49 per cent of those polled have become more conscious about how much they are spending on insurance since the start of the cost-of-living crisis. <br/><br/>As a result, 58 per cent have reduced cover or changed to a cheaper provider within the last 12 months. <br/><br/>While 26 per cent opted for a provider they had never heard of because they wanted to save money and 21 per cent removed additional extras they had previously included.<br/><br/>Now, 36 per cent are worried they might not have the appropriate level of cover in the event of an emergency. <br/><br/>Consequently, just six per cent of those polled, via OnePoll, who have taken out insurance would oppose a cut on this taxation. <br/><br/>Nearly seven in 10 (68 per cent) feel people are being penalised for being responsible and getting insurance, while 63 per cent are of the belief that taxing on essential items should be minimal. <br/><br/>As a result, the Association of British Insurers campaign has seen Plunge Creations, the costume makers of ITV’s The Masked Singer, create Snippy, a giant pair of scissors unmasking this ‘hidden’ tax ahead of the budget.<br/><br/>Mervyn Skeet added: “Since its introduction, Insurance Premium Tax has increased more rapidly than the tax rate applied to alcohol and gambling.3<br/><br/>“Today we call on the Chancellor to use next week’s Spring budget to cut the standard insurance premium tax rate.<br/><br/>“It penalises people for being responsible and a cut will help hard working households and businesses offset escalating costs and protect their families and livelihoods against sudden financial shocks. <br/><br/>“There has never been a better time for the government to show its support to the millions of homeowners and businesses who do the right thing by buying insurance.”
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