Maintaining the triple lock on state pensions could add as much as £45bn to the welfare bill by 2050, putting “insurmountable pressure” on the government…
View More Triple lock could add £45bn to state pensions bill by 2050, IFS saysTag: Institute for Fiscal Studies
‘Bank of mum and dad’ stoking Britain’s rising inequality, warns report
Billions of pounds loaned by the “bank of mum and dad” to help with property purchases and to boost the finances of newly married offspring…
View More ‘Bank of mum and dad’ stoking Britain’s rising inequality, warns reportIFS: Millions in Britain ‘face stealth tax raid’ under Liz Truss’s plans
Millions of households are facing a “stealth” tax raid under Liz Truss’s government despite her promise to support workers through the cost-of-living crisis by lowering…
View More IFS: Millions in Britain ‘face stealth tax raid’ under Liz Truss’s plansKwarteng scraps top 45% rate of income tax and cuts stamp duty
Kwasi Kwarteng has bet the government’s re-election in 2024 on the biggest tax cuts in 50 years after the UK chancellor announced reductions in the…
View More Kwarteng scraps top 45% rate of income tax and cuts stamp dutyExtra 1.3m people in UK to start paying income tax over next five years
An extra 1.3 million people will have to start paying income tax – and a further million will be pushed into higher rate taxation –…
View More Extra 1.3m people in UK to start paying income tax over next five years