Successive Conservative chancellors from Rishi Sunak to Jeremy Hunt have frozen income tax thresholds for the past four years.The policy results in what is known by economists as “fiscal drag” – when tax thresholds do not keep up with the rising cost of living, pulling more people into higher tax brackets.This raises a lot of money for the government. Last November, the OBR estimated that an additional £26bn would be raised by freezing the income tax personal allowance at £12,570 and higher rate threshold at £50,270, relative to allowing the...
ATLANTA & LONDON & TOKYO--(BUSINESS WIRE)--Oct 1, 2023--Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market...