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 Artificial Intelligence (AI) Stocks to Buy and Hold for the Next 20 Years
Artificial intelligence (AI) is transforming various industries, with IDC predicting that it will add nearly $20 trillion to the global economy in the next five years. By 2045, strategic investments in AI-related stocks could yield significant returns for investors. The article highlights two specific stocks that have the potential to generate substantial profits over the next two decades. Full Article
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