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- The Know Daily - Thursday 7 March 2024
The Know Daily - Thursday 7 March 2024
š§ What the Budget means for you, why empathy is contagious + better access to birth control.
Read in 5m 28s ā Listening to BirdyĀ ā
š¼ What yesterdayās Budget means for your finances
š§ Why empathy is contagiousĀ
š Better access to birth control in the US
Brazilās first all-women samba school took part in Rio de Janeiroās carnival last month in a ādefiantā parade. Its head Barbara Rigaud explained how samba schools are typically coordinated by men, with women āreceiving ordersā. āHere, a woman can express her desires, her ideas, her opinions, which increases self-esteem,ā said Rigaud.Ā
With thanks to Wild Nutrition for keeping news that's conscious of your wellbeing free and available to all. Wild Nutrition is B Corp pioneering naturally-sourced, scientifically studied Food-Grown supplements.
š¼ Budget breakdown
Yesterday, Chancellor Jeremy Hunt delivered the spring Budget, the last before the next election. The Budget affects how much tax you pay, the benefits you get and where you can save your money - and here are some key takeaways:
A cut to national insurance
From April, workers will pay 2p less in national insurance (NI), which could reportedly save the average earner up to Ā£450 a year. However, the Office for Budget Responsibility (OBR) - the UKās independentĀ financial forecaster - hasĀ warned that the typical worker could be "worse off".
This is because tax thresholds - the amount you can earn before you start paying tax and national insurance - will remain frozen. Essentially, you might have a bit more money in your pocket from the tax cut, but you might end up paying more tax as you earn more.
Support for families
Families will be able to earn more money before losing child benefits, as the The High Income Child Benefit Charge threshold will increase from Ā£50,000 to Ā£60,000.
The Household Support Fund - a āvital lifelineā for many during the cost-of-living crisis - will be extended for another six months.
What else?
New tax duties mean vaping and smoking will be more expensive.Ā
Continuing freezes on fuel and alcohol duty mean petrol and drink prices won't go up.
A new tax-free savings account - The British ISA - was introduced, but there's no confirmed start date.
If you fly in anything fancier than economy class, you'll pay more tax.
A budget boost for Britain's creative industries, including Ā£26.4m to the National Theatre and tax relief measures to encourage more filmmakers to shoot movies in the UK.
Want to learn more about how the Budget will affect you?
Check out Skyās Budget 2024 Tax Calculator, The Guardianās breakdown on what the budget means for people on a range of incomes, and, if you prefer podcasts, hereās one from Martin Lewis at the BBC.
šāāļø TRIVIA TIME
Which of these events did not happen on March 7th?
A) The late Queen Elizabeth shared her first Instagram post
B) The BBC broadcast the news in colour for the first time
C) The Beatles released their single āLet it Beā
Scroll to the very bottom for the answer.
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š§ Ā Empathy is contagious
Empathy - the ability to understand and share the feelings of another person - can be āsocially transmittedā, a new study suggests.
Go onā¦
Humans learn by observing others - and the skill of empathy is no different, according to new research led by neuroscientist Professor Grit Hein at WĆ¼rzburg University in Germany. The findings suggest that adults can learn to be āmore or less compassionateā through observing others, āin addition to their genetic predispositionsā.
How did the study come to that conclusion?
50 participants were asked to watch videos of hands receiving painful stimulation before indicating their own feelings on a rating scale. They were then shown the empathic or non-empathic responses of other individuals to the same video, before being asked to rate their own empathy again.Ā
Depending on which reactions participants observed, their own empathy ratings āincreased or decreasedā, Hein explained. This suggests that empathy can be āsocially transmittedā - that is, affected by the people and environment around us.Ā
Interestingly, Heinās study only involved female participants, although the professor has indicated that she would like to conduct further studies with both men and women.Ā
Whatās the bigger picture?Ā
Hein said that the āgood newsā from the study is that it is possible to ālearn positive empathy from othersā, adding that the findings suggest investing in an empathetic workplace environment is worthwhile.Ā
Stanford University psychologist Jamil Zaki agrees, telling The Washington Post in 2020 that while we often think of empathy as a āhard-wired traitā, in reality it is āmore like a skillā. āThe right experiences, habits and practices can increase our empathic capacity,ā Zaki added.
šĀ OTC access: The first birth control pill approved for over-the-counter distribution (meaning a prescription isnāt needed) will become available in the US later this month.
š Global warming: For the last 9 months, global temperatures have hit a new high for that time of year - and February just gone was no different.
šŗšøĀ White House race: Nikki Haley quit the presidential race on Wednesday, meaning that Donald Trump is set to be the Republican candidate in Novemberās election.
š¤Ā Takeover terms: Nationwide has reached an agreement to buy Virgin Money, in a Ā£2.9bn deal that would create āone of the UKās largest mortgage and savings groupsā.
šæĀ A peek inside: We donāt yet know who will be taking home the Oscars on Sunday, but we do know what theyāll be getting in their goodie bags. Thereās a purse seat, tuning fork, cat superfood and so much moreā¦
Want to win holidays, days out, experiences, house renovations and lots more? Youāll love DAYMADE, a lottery with great odds of winning prizes big & small. Use our code INTHEKNOW to get 1 free entry when purchasing a weekly draw subscription!* |
Picking up a new novel - or rekindling your reading habit after a hiatus - in celebration of World Book Day.
Come for: Your new fave read - weāre currently reading AntarcticaĀ by Claire Keegan (love a short story), The List of Suspicious Things by Jennie Godfrey and Green Dot by Madeleine Gray.
Stay for: The unique joy of losing yourself in a good book. Bonus points if you get it from your local indie bookstore or library.
Recommended by Effie (and the mounting pile of books on her bedside table waiting to be readā¦)
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Trivia answer:Ā C) The Beatles actually released āLet it Beā on March 6th 1970 -Ā although the inspiration behind the song had been brewing for a few years before.
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