by Shilling Group | Mar 14, 2025 | Shilling Summary
TAX More retirees pay income tax than Gen Z Sky News The Daily Telegraph Daily Express Recent HMRC data reveals a significant shift in income tax contributions, with 5.45m Britons over 70 paying more tax than 5.23m under 30s in the 2022-23 financial year. This change...
by Shilling Group | Mar 13, 2025 | Shilling Summary
TAX Higher rate taxpayer total hits record high Daily Mail Official figures show that 680,000 people were dragged into the 40% tax bracket in 2022/23, meaning the number of higher-rate taxpayers has hit 5m for the first time. Figures published by HMRC show that 5.1m...
by Shilling Group | Mar 12, 2025 | Shilling Summary
CORPORATE Firms ‘quieter’ about diversity targets? Daily Mail The Independent The latest report from the Parker Review shows that there were 13 chief executives from an ethnic minority background leading FTSE 100 firms at the end of 2024, up from 12 in 2023....
by Shilling Group | Mar 11, 2025 | Shilling Summary
TAX Modest earners paying taxes designed for the wealthy The Daily Telegraph Analysis by the Taxpayers’ Alliance shows that modest earners are paying high tax rates originally designed for the wealthy. While the 40% higher-rate threshold – which kicks in at £50,270 –...
by Shilling Group | Mar 10, 2025 | Shilling Summary
OUTLOOK Businesses brace for price hikes Daily Mail The Times Businesses are set to increase prices due to rising wage costs and higher employer National Insurance rates. According to the Office for National Statistics, 49% of companies with ten or more staff plan to...
by Shilling Group | Mar 7, 2025 | Shilling Summary
TAX Stride: NI hike a ‘ticking time bomb’ The Daily Telegraph Shadow Chancellor Mel Stride has warned that unless Rachel Reeves scraps changes to employers’ National Insurance, she risks a slowdown in economic growth. With a 1.2% increase in employers’ National...
