“Middle earners have come out on top, while taxpayers earning below £26,000 or over £60,000 will lose out. The biggest group of losers are pensioners, who face an £8bn collective hit,” said Torsten Bell, chief executive of the Resolution Foundation.
Related Articles
-
Coronavirus: Virgin Atlantic to cut 1,150 more jobs
Image copyright Getty Images Virgin Atlantic is to cut 1,150 more jobs after completing a £1.2bn rescue plan that...
-
Tata Steel: Port Talbot steelworks gets £500m by UK government
“At the heart of this failure is the narrow focus on electric arc furnace technology, which will not only...
-
Number of firms in critical financial distress rises sharply
Begbies Traynor, which publishes regular health checks on the state of British businesses said its “Red Flag Alert” research...
-
UK inflation: Rising costs could push family spend up £1,700 a year
“I’ve never known things to be as challenging as they are currently,” said Andrew Selley, chief executive of Bidfoods,...
-
Network Rail starts consultation over job reforms
Transport Secretary Grant Shapps said: “While we still encourage RMT to join talks and find a solution to this...
-
Johnson & Johnson to pay $230m to settle opioid claim
“Johnson & Johnson helped fuel this fire, but today they’re committing to leaving the opioid business – not only...
-
Sainsbury’s: Almost everyone now shops in store
Sainsbury’s response has been to focus heavily on its food, which accounts for about three-quarters of its business, and...
-
Royal Mail parcels overtake letters for first time
Royal Mail said that on its busiest day it processed 2.5 million tracked parcels while its international parcels business,...
Recent Comments