The announcement received a cool reception from businesses, who were asked to pay a 1.25 percentage-point increase to a payroll tax known as National Insurance .
"This rise will impact the wider economic recovery by landing significant costs on firms when they are already facing a raft of new cost pressures and dampen the entrepreneurial spirit needed to drive the recovery." A government document published alongside the announcement said 70% of the money raised from businesses will come from the largest 1% of companies and around 40% of businesses would not be affected at all by the levy.The tax increases also included a 1.25 percentage point rise in dividend tax rates which stands to affect business owners and investors who rely on dividend income.
And so should those that earn pay too!
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UK PM Johnson to address lawmakers about Afghanistan on MondayPrime Minister Boris Johnson will address lawmakers on Monday about Britain's withdrawal from Afghanistan, amid criticism of the handling of the evacuation and failure to predict how quickly the Taliban would sweep through the country. Pakistan air forces assault on our disabled country (Afghanistan) obviously world is silent please stop war proxy. StandWithPanjshir FreeAfghanistan JoeBiden StateDept UN UKinUSA US4AfghanPeace UK needs a friendly Taliban. You mean politicians?
Source: Reuters - 🏆 2. / 97 Read more »
Former UK PM Blair warns West should prepare for bio-terrorism threatIslamism remains a 'first order' security threat and the West should prepare for potential use of biological weapons by extremist groups, former British prime minister Tony Blair said on Monday. The Taliban swept to power in Afghanistan last month as the United States withdrew its troops after a 20-year war, and Britain fears the group's return and the vacuum left by the West's chaotic withdrawal will allow militants from al Qaeda and Islamic State to gain a foothold there. Too late. Joe Rogan has already used the Ivermectin. Hes on the war footing again needs more money Did TonyBlair & GeorgeWBush found any weapons of mass destruction in Iraq !!,was SaddamHussain & Qazzafi of Libya guilty of WarCrimes !!
Source: YahooNews - 🏆 380. / 59 Read more »
The most romantic mini-moon ideas in the UK and EuropeThese amazing mini-moons in the UK and Europe rival exotic honeymoons
Source: RedMagDaily - 🏆 312. / 61 Read more »
Covid-19: UK passes 7 million confirmed Covid casesThe milestone comes as another 41,000 daily cases are recorded, but the real total is likely to be higher. All it takes is Anti-Vaccine Protesters who got a Case of COVID19. And died from COVID19. There that's what i say to all Anti-Vaccine Protesters.
Source: bbchealth - 🏆 143. / 63 Read more »
UK government calls for security review of graphene firm’s takeover by Chinese academicThe U.K. government has called for an investigation into a takeover by a Chinese scientist of a small Welsh manufacturer that makes graphene.
Source: CNBC - 🏆 12. / 72 Read more »
Jihadist threat 'getting worse', says ex-UK PM BlairBritain's former prime minister Tony Blair warned on Monday that 'radical Islam' remained a 'first-order security threat' to the world despite two decades confronting the issue across the globe. Dunno. In the US, WhingeyWhinyWhiteNationalistTrash seem to be the Main Culprits.... No shit? We only side against these people every chance we get while they get pushed off their land or we try to occupy them while we steal their natural resources. And when they get angry about it we bomb the hell out of them. They're only a 'security threat' because the 'west' can't live without gas. The west is equally abusive to women.
Source: YahooNews - 🏆 380. / 59 Read more »