Business and Tax News - Personal Tax

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March 19th 2024
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PERSONAL TAX - NEWS

The Effects of Freezing Tax Thresholds Until 2028

PERSONAL TAX

The Effects of Freezing Tax Thresholds Until 2028

Rampant inflation and frozen tax thresholds combine to 'drag' people into paying more tax - a 'fiscal drag' process that started in 2021.
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Bank of England Holds Interest Rates at 5.25 Percent

PERSONAL TAX

Bank of England Holds Interest Rates at 5.25 Percent

After 14 interest rate increases in a row since early 2022, the Central Bank has opted to hold fire at today's meeting.
Bank of England Raises Interest Rates Again To 5.25 Percent

PERSONAL TAX

Bank of England Raises Interest Rates Again To 5.25 Percent

14th increase in a row by the Bank of England. Not as sharp a rise as previous increase but inflation still sits at near 8 percent - 4x the target.
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