The Autumn Budget announced a controversial increase in employers’ National Insurance contributions from 13.8% to 15% starting April 2025, with the threshold decreasing from £9,100 to £5,000 per year. This move, aimed at raising £25 billion annually by 2029/30, has faced criticism for potentially leading to limited pay rises, more redundancies, and higher inflation, impacting the economy negatively. To mitigate the impact on small businesses, Labour plans to expand tax relief measures, including increasing the employment allowance to £10,500 per year and removing the £100,000 threshold.
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The Motley Fool's Just-Released Report Shows U.S. Inflation Is at 2.7%. Here's How 2 Consumer Goods Staples Are Faring.
The U.S. Department of Labor reported a 2.7% year-over-year increase in the Consumer Price Index (CPI) for June, reflecting ongoing inflation concerns. Consumer staple companies, which provide essential goods, may benefit from their ability to pass on cost increases, though consumers are increasingly cautious about rising prices amid prolonged inflation. Want More Context? 🔎
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