The Guardian Australia – Business
·business
·2 hours ago
UK workers face fastest tax increase among wealthy nations, OECD reports
Taxes on UK workers increased at the fastest rate in wealthy nations last year, reaching 32.4% of income, says the OECD. The 'tax wedge' rose by 2.45 percentage points due to national insurance hikes by Chancellor Rachel Reeves. This rise in taxation coincides with higher unemployment and pressures on Labour's economic management amid geopolitical tensions.
Summary by Glance · The Guardian Australia – Business
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