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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‘I was refused a home Covid test after credit check’
admin, , Business, 0
“We really couldn’t understand why we weren’t able to have our identities verified, ” says Laura McCormack about the...
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Covid: No new curbs in England are a lifeline, pubs say
admin, , Business, 0
There is also now a clear divergence between the government at Westminster and the devolved administrations in Scotland, Wales...
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Delaying National Insurance rise would be ‘no problem’
admin, , Business, 0
Until this year, the state pension was earmarked to rise by the lesser of inflation, average wages growth or...
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Post Office victims had lives ‘utterly destroyed’
admin, , Business, 0
Mr Stein added that the latest phase of the inquiry had shown an “appalling lack of professionalism of lawyers,...
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Banks warned over ‘weak excuses’ for savings rates
admin, , Business, 0
“If the high street banks continue to pay poor savings rates on their instant access accounts, they should make...
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Cost-of-living payments branded insufficient as energy bills soar
admin, , Business, 0
Those payments were set when the typical energy bill was anticipated to rise by £800 – a prediction Ofgem...
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Boeing boss to leave as firm faces safety crisis
admin, , Business, 0
Michael Stumo, whose daughter Samya Rose was killed in the 2019 Boeing 737 Max crash in Ethiopia, called the...
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Black Friday: Amazon staff in Coventry strike
admin, , Business, 0
“We also work hard to provide great benefits, a positive work environment and excellent career opportunities. These are just...
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