Jan 24, 2023 | Current AffairsPersonal Tax
According to a new analysis from think tank Civitas, the top 20% of earners pay two-thirds (66%) of all income tax. In the tax year 2020/21, 83% of income tax came from the top 40% of earners, while the top 10% contributed over half the total - three times as much as...
Jan 19, 2023 | Current Affairs
Inflation eased slightly from 10.7% to 10.5% in December 2022, according to the latest figures from the Office for National Statistics (ONS). Falling transport costs, particularly motor fuels, played the most significant role in this change. The inflation rate for...
Jan 6, 2023 | Current Affairs
Soaring inflation remained a key concern for businesses at the end of 2022, according to the latest quarterly economic survey (QES) from the British Chambers of Commerce (BCC). Of the 5,600 firms surveyed - 92% of which are SMEs - 80% said that inflation was a growing...
Dec 16, 2022 | Current Affairs
The Bank of England (BoE) is raising the base interest rate by 0.5% to 3.5% following a Monetary Policy Committee (MPC) meeting on Wednesday (14 December). The MPC voted by a majority of 6-3 to increase the rate by 0.5%. Two committee members voted to maintain the...
Dec 15, 2022 | Current Affairs
The rate of inflation hit 10.7% in the year to November 2022, down slightly from 11.1% in October, according to the Office for National Statistics (ONS). The ONS said the easing of inflation is partly due to falling petrol and diesel prices. Overall, fuel prices rose...
