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Companies to Hike Prices Amid Tax and Wage Increases

6th January 2025
Companies to Hike Prices Amid Tax and Wage Increases. A significant proportion of companies, exceeding fifty percent, are intending to increase their prices within the next three months due to a "pressure cooker of rising costs and taxes," as reported by one of the largest business organizations in the UK. The British Chambers of Commerce […]
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UK Government To Hike Taxes For 25 Million To Pay For Social Care

3rd September 2021
Next week, Boris Johnson is expected to announce a manifesto-breaking tax increase to cover the cost of the biggest overhaul in social care in a generation and improve NHS waiting lists.
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UK Pubs Forced to Raise Pint Prices Above £5 Amid Rising Taxes

25th March 2025
UK Pubs Forced to Raise Pint Prices Above £5 Amid Rising Taxes. British pubgoers are facing yet another price hike, with the average cost of a pint set to break the £5 barrier for the first time. This unwelcome milestone comes as landlords grapple with a raft of tax increases introduced by Chancellor Rachel Reeves, […]
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First-Time Buyers to Face £11,250 Stamp Duty Hike as Deadline Approaches

25th February 2025
First-Time Buyers to Face £11,250 Stamp Duty Hike as Deadline Approaches. As the government’s stamp duty holiday comes to an end on March 31, 2025, thousands of first-time buyers in England are facing significant tax increases. The holiday’s expiration will impact around 25,000 first-time buyers, who could be burdened with up to £11,250 in extra […]
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Millions to See Council Tax Increase Exceeding 5%

4th February 2025
Millions to See Council Tax Increase Exceeding 5%. Millions of households in England are confronting council tax increases that exceed the standard limit, following the government's decision to permit six regions to circumvent the 5% cap on such hikes. Typically, local authorities responsible for social care can raise council tax annually by a maximum of […]
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2024 Autumn Budget: How Capital Gains Hikes Could Affect You

12th November 2024
Labour’s first Budget for 14 years has brought a series of sweeping changes to taxation that’s sure to directly or indirectly impact the pockets of residents throughout the United Kingdom. For investors up and down the country, a revamp of Capital Gains Tax (CGT) is likely to be the biggest headline from the event.  Chancellor […]
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Massive NIC Hike Threatens Higher Consumer Prices: Retail and Hospitality Brace for Impact

7th November 2024
In the recent Autumn Budget, Chancellor Rachel Reeves announced a significant increase in employer National Insurance Contributions (NICs), raising the rate from 13.8% to 15% and lowering the threshold at which employers start paying NICs from £9,100 to £5,000 per year. Set to take effect from April 2025, this dramatic NIC increase is expected to […]
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Labour's Tax Bombshell Leaves Brits £300 Poorer: Record-Breaking Tax Burden Slams Wages, Soars Inflation, and Pummels UK Businesses

31st October 2024
Labour's Tax Bombshell Leaves Brits £300 Poorer: Record-Breaking Tax Burden Slams Wages, Soars Inflation, and Pummels UK Businesses. In an unprecedented economic shift, Chancellor Rachel Reeves has delivered what is being called the most left-leaning Budget in recent decades, sparking controversy and concern across the UK. With a £40 billion tax hike, this Budget brings […]
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Budget Update: Chancellor Announces £40bn Tax Increase in New Plan

30th October 2024
Budget Update: Chancellor Announces £40bn Tax Increase in New Plan. The chancellor has presented the largest tax-increasing budget since 1993, alongside the confirmation of an increase in employers' national insurance contributions. Key Points: Category Details Tax Increase £40bn tax rise Minimum Wage Increase by 6.7% to £12.21; 16.3% rise to £10 per hour for 18-20-year-olds […]
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State pension hike in April revised after new wage data

15th October 2024
State pension hike in April revised after new wage data. The updated state pension for individuals who reached retirement age after April 2016 may increase from £221.20 to £230.30 starting in April. Meanwhile, the previous basic state pension could see a rise from £169.50 to £176.45. Check out this and more of today’s consumer and […]
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Cost Of Living Crisis: National Insurance Hike Starts To Hit UK Pay Packets

6th April 2022
Millions of employees and businesses across the UK will start paying higher National Insurance contributions from Wednesday as part of a plan to raise billions for the NHS and social care.
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9 Things You Need to Know About Corporate Tax Planning

24th February 2022
Corporate tax can be very expensive. Britain’s currently experiencing a cost of living crisis, inflation, and massive employment. If you are a business owner, then you are likely experiencing some degree of financial difficulty. With April just around the corner, you’re likely dreading having to pay your tax bill.
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