Search results
Results from the WOW.Com Content Network
UK businesses employing staff on minimum wage will see their costs jump by £2,367 per worker in 2025 due to pay increases and tax hikes ... rising from £11.44 to £12.21 from April ...
The higher than expected minimum wage increase next April will be a big boost for those in the 18-20 age bracket, the think-tank says. However the wider pay situation seems bleak.
UK pay after inflation has risen at its fastest rate for more than three years, driven by strong wage growth in the private sector. Pay packets increased on average by 3.4% between September and ...
National Insurance contributions reduced by 2% to 8% from 6 April. [19] Salary thresholds for income tax and National Insurance frozen, leading to fiscal drag when wages rise. [19] Non-dom tax status to be phased out from April 2025. [20] Establishment of a £5,000 UK ISA tax allowance for savers investing in "UK-focused" shares. [19]
The National Minimum Wage Act 1998 (c. 39) creates a minimum wage across the United Kingdom. [2] From 1 April 2024, the minimum wage is £11.44 per hour for people aged 21 and over, £8.60 for 18- to 20-year-olds, and £6.40 for 16- to 17-year-olds and apprentices aged under 19 or in the first year of their apprenticeship. [3]
Proposals are published to give Members of the Senedd a 6% pay rise, taking the wages for a backbench MS to £76,380 in 2025–26, up from £72,057. [19] 9 January – Former Prime Minister Liz Truss sends Sir Keir Starmer a legal "cease and desist" letter demanding that he stop saying she "crashed the economy". [20]
Amongst the measures she announced were an increase in employers' National Insurance to 15% on salaries above £5,000 from April 2025, income tax thresholds to rise in-line with inflation after 2028, changes to farm inheritance tax so that rural estates above the value of £1,000,000 from April 2026 would face 20 per cent inheritance tax, and a ...
Wages in the U.K. spiked sharply in April, official figures showed Tuesday, a development that is set to cement expectations that the Bank of England will raise interest rates once again next week.