Half of the world’s 75 poorest countries are experiencing a widening income gap with the wealthiest economies for the first time this century in a historical reversal of development, the World Bank said in a report on Monday. The differential between per
Jeremy Hunt to cut National Insurance from 12% to 10% from January Tories have been warned they face a furious backlash from pensioners if they fail to cut income tax in the Budget this week. Chancellor Jeremy Hunt has lowered his sights
Jeremy Hunt should still give taxpayers “the break they deserve” despite being handed less room for a major Budget giveaway. Experts say the Chancellor is able to deliver much-needed tax cuts without draining Treasury coffers. New figures show the government racked up
Jeremy Hunt has ditched plans for a 2p cut to income tax at next month’s Budget, reports have suggested. The Chancellor was possibly set to reduce the basic rate of income tax from 20 to 18 per cent, as well as looking
Millions more people are paying income tax with the total number surging to 35.5 million an increase of 4.5m since 2010, new research has revealed. An additional 2.8million have been dragged into paying the top rates of income tax and 1.7 million
Sir Keir Starmer has admitted a Labour government may be unable to cut personal taxes for two years without healthier economic growth The Opposition leader refused to give a commitment to raise the threshold at which people pay income tax yesterday (FRI).
The new tax threshold for high earners in Scotland, which sees those earning more than £75,000 paying a rate of 45 percent, could have implications on living choices. Taking to X, formerly known as Twitter, user @chamaerion, said the new tax band
“Poverty in retirement should not be considered an inevitability.” (Image: Getty/Mathew Horwood) As many as one in four of the nation’s 12.5m elderly people will be left without their financial ‘safety net’ by the time spring comes around next year. Most worrying
Prince William got a tricky question about his finances this week from an unlikely source, an 11-year-old boy. While in Manchester, a boy asked the Prince of Wales: “How much do you have in your bank account?” To which William replied that
An expert claims Chancellor Jeremy Hunt’s ‘stealth tax’ is failing to raise tax thresholds hitting the savings and income of hard-working Brits. By not raising tax thresholds in line with inflation or wage rises, it brings more people into realm of basic