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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2 Soaring Growth Stocks to Buy and Hold Forever
Microsoft (NASDAQ: MSFT) and Shopify (NASDAQ: SHOP) have seen significant share price increases this year, with Microsoft up 20% and Shopify up 27%. Despite their gains, both companies still offer substantial upside potential and possess qualities of "forever stocks," indicating they remain strong investment options. Want More Context? 🔎
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