Millions of Brits are set to pay more in “stealthy” taxes even as new Prime Minister Liz Truss has pledged to ease the burden on households.
Despite Inflation Worries, Americans Are Less Likely to Cancel Amazon Prime, Netflix Than Cut Spending on FoodTypically, thresholds and allowances are uprated in line with inflation or, sometimes, earnings, meaning that they maintain their real value over time. The same is true for welfare benefits, which Truss has separately resisted committing to raise in line with inflation.
According to the IFS's calculations, 1.4 million more workers will pay the basic tax rate by 2026, costing the total 35.4 million affected an extra £500 per year
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On this day in history, Oct. 5, 1813, William Henry Harrison routs Brits, Tecumseh in Battle of the ThamesGeneral William Henry Harrison led Americans to victory in the Battle of the Thames on this day in history, Oct. 5, 1813, routing the British and Native forces led by Shawnee chief Tecumseh.
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After Rocky Start, U.K. Leader Truss Tries to Unite PartyFacing collapsing poll numbers, U.K. Prime Minister Liz Truss says she will stick to controversial tax cuts in bid for growth
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UK's Liz Truss Pledges Tax-Cutting Future in Landmark Speech Plagued by Protest and Political InfightingBritish Prime Minister Liz Truss on Wednesday that cutting taxes was “the right thing to do morally and economically,” doubling down on a series of debt-funded economic reforms that have sparked in-party fighting and market turmoil.
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The Far Right’s Violent Rhetoric Is Escalating, and Includes Talk of “Civil War”Experts are projecting an increase in violent right-wing rhetoric about an impending “civil war” due to the fast-approaching midterms and continued investigations into former President Donald Trump.
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