Research by the Liberal Democrats shows that key workers will be worse off next year but top bank bosses will enjoy huge perksTeachers and nurses will see their income taxes increase next year while top bank bosses will enjoy a cut worth more than £100,000, according to a new analysis of Kwasi Kwarteng’s mini-budget.While the tax-cutting package brought forward a promised reduction in the basic rate of income tax from 20% to 19%, that cut will be more than offset by a decision to freeze the point at which people start paying tax. It means that some key workers will be paying more income tax next year. Continue reading…
Source : theguardian.com
Read more…Teachers and nurses face tax increase after mini-budget hands cut to bankers
