Sunday Mirror

A taxing issue for workers

-

The number of higher and additional rate taxpayers has risen by almost two million since 2019.

More than 6.1 million people now pay taxes of either 40% or 45%, according to HMRC – up from the 4.25 million recorded three years ago.

It comes as prices rise at the fastest rate for 40 years and workers and unions push for pay rises to cope.

The total amount of money owed by government­s around the world stands at a whopping $59,091trillio­n, and is rising fast.

This matters because when public debt rises faster than economic output – as it has been doing in recent years – there is usually more state interferen­ce in the economy and higher taxes in the future.

Newspapers in English

Newspapers from United Kingdom