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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Peoples Financial (PFIS) Q2 EPS Up 265%
Peoples Financial Services (NASDAQ:PFIS), a Pennsylvania community bank holding company, reported Q2 2025 earnings of $1.68 per share, exceeding the $1.47 forecast and significantly up from $0.46 a year prior. The bank saw net interest income more than double year-over-year, reflecting successful merger integration and improved efficiency ratios and asset quality. Want More Context? 🔎
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