Britain faces the highest tax burden since the Second World War, just as we head into recession and the worst crash in living standards for decades. Make no mistake, all workers will have to pay higher “stealth” taxes because of Jeremy Hunt’s decision in today’s brutal Autumn Statement to freeze personal allowances, basic and higher thresholds, until 2028. What’s more, it’s the middle-income earners and families with young children and big mortgages who are going to be clobbered the most. By 2028, someone earning ÂŁ50,000 will be paying ÂŁ1,893 more in tax.
Can China’s stimulus blitz fix its flagging economy?
China’s central bank has announced a raft of measures in response to fears that Beijing could miss its annual growth target.
