This “fiscal drag” will mean over three million more higher-rate taxpayers, and nearly four million more low earners paying tax. On current trends, a recipient of the full basic state pension alone is also on course to have to pay tax, and perhaps fill out a tax return in 2026/27.
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Interest rate rise expected after UK inflation shock
admin, , Business, 0
“It’s only when companies feel nervous about the future that they will think ‘Well, maybe I won’t put through...
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E-Scooters: over half of casualties are outside trial areas
admin, , Business, 0
The report could not differentiate between e-scooters that belonged to a trial scheme and ones that were privately owned,...
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Tobacco giant Philip Morris raises bid for respiratory drugmaker
admin, , Business, 0
The London-listed company said on Friday that it believed it could better positioned under Carlyle’s ownership, noting the “reported...
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US aims to limit China’s role in electric cars
admin, , Business, 0
“This administration is, yet again, trying to find workarounds and delays that leave the door wide open for China...
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Ukraine conflict: Growing numbers of firms pull back from Russia
admin, , Business, 0
In retaliation against Western sanctions, the Russian government has banned the sale of Russian assets. So firms that, in...
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Cladding: Developers told to act on lower-height buildings
admin, , Business, 0
Stewart Baseley, executive chairman of the Home Builders Federation, said that the “most urgent action” remains for government to...
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Workers on voluntary Real Living Wage see 10% pay rise
admin, , Business, 0
“Yes, it costs more money,” said Brett Mendell, director of textiles manufacturer Thomas Kneale in Manchester. “But you get...
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US jobs growth weakest in more than two years
admin, , Business, 0
“Jobs growth has slowed but remains too strong to justify an extended Fed pause. More significantly, with average hourly...
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