This Is Money Show
How much will frozen income tax bands suck out of your pay packet?
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 1:06:02
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Sinopsis
Wages are up, but inflation is… the same. What does it all mean for mortgage rates, the state pension, benefits and the economy generally? One thing we know won’t be affected by the latest figure is income tax bands. Just how much is the big freeze – AKA fiscal drag - going to cost us? That’s on the agenda for Simon Lambert, Lee Boyce and Georgie Frost this week as the latest CPI reading stuck at 6.7 per cent. At the start of the year, Prime Minister Rishi Sunak set the target to halve inflation by the end of 2023. And it was looking promising. But this latest inflation figures might have thrown a bit of spanner into the works. What’s going on at Royal Mail? Some households say they are only receiving their post once a week. Hospital appointment letters, birthday cards, parcels and important bills have all gone missing in delays caused by a staffing crisis. In Brighton, households say they’re receiving mail as infrequently as just once a fortnight. Picking an estate agent to sell your home is so i