Year: 2022

Changes to these support payments were announced in the Autumn Statement last month. They include:   State Pension – will increase in line with inflation. Cost of living payments - the government will provide households on means-tested benefits with an additional £900 Cost of Living…

Readers may have noted that the Chancellor announced a significant reduction in the annual Capital Gains Tax allowance, currently £12,300, from April 2023.   It is reducing to £6,000 from April 2023 with a further reduction to £3,000 from April 2024.   Taxpayers who are…

What is fiscal drag? The Oxford dictionary defines it as: ‘The deflationary effects of a progressive taxation system on a country’s economy. As wages rise, a higher proportion of income is paid in tax’ The recent comments made by the Chancellor in the Autumn Statement,…

This year, 10 of the UK’s largest seasonal employers are expected to hire 234,700 Christmas workers – up 74 per cent on 2021. This growth is largely being driven by the likes of Amazon but businesses of all shapes and sizes throughout the land are…