UK makes more people pay top rate of tax in budget squeeze ...Kuwait

The British government announced on Thursday plans to freeze income tax allowances and lower the threshold at which people start to pay the highest rate of income tax, in order to stabilise the public finances. Finance minister Jeremy Hunt said he would freeze income tax allowances until 2028 and was lowering the threshold above which the 45% top rate of income tax is paid to 125,140 pounds ($148,053) from 150,000 pounds. Hunt said that he is "asking more from those who have more" as he also set out plans freeze the thresholds for national insurance and inheritance tax. Those earning more than 150,000 pounds will pay just over 1,200 pounds extra a year. "Even after th

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UK makes more people pay top rate of tax in budget squeeze ...Kuwait

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