UK chancellor Rachel Reeves is expected to extend the freeze on personal tax thresholds beyond 2028, potentially raising £7bn annually to address a £40bn fiscal gap. This move, seen as a covert income tax hike, would help plug the deficit identified by Reeves, with the Resolution Foundation estimating a significant revenue increase. The freezes, implemented since 2021, have led to a rise in the tax burden and pushed more individuals into higher tax brackets, despite not altering headline rates.
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This Underrated AI Stock Could Deliver Huge Returns by 2030
The introduction of ChatGPT has shifted perceptions of Alphabet (NASDAQ: GOOGL, GOOG), as its market share in digital advertising and Google Search fell below 90%. Despite this, investors remain optimistic about Alphabet's potential for significant growth over the next five years, indicating confidence in the company's future. Want More Context? 🔎
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