Autumn Statement 2023: Tax Cuts, Business Measures, and Economic Growth
Anticipated tax cuts and business-friendly reforms headline the eagerly awaited Autumn Statement 2023, aiming to fuel economic growth and ease fiscal burdens." "Amidst looming elections, the government's strategic focus on tax reductions and investment injections sets the tone for a...
UK Income Tax and Fiscal Drag: How People Keep Falling into Higher Rates
In the UK, fiscal drag, stemming from frozen income tax thresholds, pushes more individuals into higher tax brackets amid rising living costs, resulting in increased government tax revenue. Over 4 million more people now pay 20% income tax due to...
