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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Hairdressers fear staff crisis after apprentice shortage
admin, , Business, 0
“We’ve seen from other industries which have gone through recessions, construction for example, that if you have a period...
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M&S says recovery plan boosting sales and profits
admin, , Business, 0
“Following the Euro 2020 related boost in June, retail sales fell in July to their lowest level since shops...
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‘The volunteers helping people cope with high energy bills’
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Back in Burnley, James has more good news. In the last few months, the phone has also been ringing...
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Households could be paid to turn down heating
admin, , Business, 0
Payments were likely to be at a similar level to last year’s £3,000 per MWh, it said, but how...
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US firms add more jobs than expected in May
admin, , Business, 0
As companies compete for workers, pay has been rising faster than it has in years. Last month, the average...
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Asda says some shoppers asking cashiers to stop at £30
admin, , Business, 0
“I would say the most important priority in the short term is to kill inflation, because once inflation gets...
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US to ban Russian diamond and vodka imports
admin, , Business, 0
By removing this status from Russia, G7 countries will be able to target its exports with punitive tariffs, or...
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Bosses failing to support domestic abuse victims, says government
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Coronavirus: Domestic abuse helpline sees lockdown surge
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