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cliff edge

  • Andy Burnham should start by scrapping the £100k tax trap

    Opinion

    Cutting taxes is expensive, but there is a way Andy Burnham could make them simpler and fairer, says Helen Thomas Andy Burnham’s first interview as Labour’s presumptive Prime Minister contained a somewhat unlikely observation. Speaking to the Sunday Times, he said one issue repeatedly raised on the doorstep was the frozen £12,570 personal allowance. It [...]

    Burnham cityscape showcasing modern architecture, bustling streets, and vibrant community life in a thriving urban setting
  • The OECD is right about the £100k dead zone where work doesn’t pay

    Opinion

    A household with two young children could be more than £13,000 worse off next year for accepting a routine pay rise that pushes them over the £100,000 threshold, says Michael Healy The OECD delivered a blunt message to the UK last week: simplify the tax system or accept weaker growth. That should not be ignored, [...]

    Graph illustrating the impact of the £100k tax threshold on earnings, highlighting the financial cliff edge for high earners

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