UK Tax Policy Outlook: Challenges and Controversies
IFS report forecasts record tax levels by 2024, driven by increased government spending. Debate ensues over tax cuts amid rising national debt and economic challenges.
Bank of England Raises Interest Rates to 5.25% Amid Soaring Prices and Easing Inflation
The Bank of England raises its interest rate to 5.25% to tackle the issue of inflation.
Tax Revenue from Savings Triples, Reaching £3.4 Billion
Rising interest rates and a frozen personal savings allowance contribute to a significant surge in tax charges on savings, prompting calls for ending the allowance freeze to alleviate the burden on responsible savers.
