The rise has been driven by more people moving into the tax band thanks to the freeze on income thresholds.
Business
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Bank of England poised to hold interest rates steady despite inflation rise
by News Roomby News RoomBut experts have said a hike could remain on the horizon if the conflict continues to put pressure on UK inflation.
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Santander UK takes profit hit from further costs of motor finance scandal
by News Roomby News RoomThe group – owned by Spain’s Banco Santander – also booked a £73 million charge for bad debts, up 40% year-on-year, as it slashed its outlook for the UK economy…
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City regulator reviewing whether APRs help consumers understand borrowing costs
by News Roomby News RoomJames McCaffrey, a spokesperson for TotallyMoney, said: “APRs can provide a benchmark for comparing products, but the truth is it’s often much more complicated than that – especially when you…
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Locations where it typically takes longer to sell a home than last year revealed
by News Roomby News RoomThe best-value homes are still ‘moving quickly,’ Zoopla said.
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Protesters halt NatWest shareholder meeting as boss defends climate policy
by News Roomby News RoomThe annual general meeting was being held on Tuesday morning but had to be stopped for about half an hour amid disruption.
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The index closed up 11.70 points at 10,332.79.
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UAE to leave Opec group of oil producers amid Middle East energy shock
by News Roomby News RoomThe UAE joined Opec in 1967, and its departure will leave the oil cartel with 11 member countries including Saudi Arabia, Iran and Iraq.
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NS&I puts new issues of British Savings Bonds on sale with higher rates
by News Roomby News RoomThe provider said the rate increases reflect market changes, with a finance expert describing NS&I’s new one-year deal as ‘particularly strong’.
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Claire’s shuts all stores with 1,300 jobs axed as high street giant collapses
by News Roomby News RoomThe move is a major blow for the UK high street and follows months of uncertainty for the chain’s workforce