The Caithness Business Index has posted the following article:

One In Five Taxpayers, And One In Four Teachers, Set To Be Paying Higher-rate Tax By 2027 As Threshold Freezes Bite

By 2027-28 the number of people paying income tax at 40% or above will reach 7.8 million - that's one in five taxpayers and one in seven adults. By 2027-28 the number of people paying income tax at 40% or above will reach 7.8million - that's one in five taxpayers and one in seven of the adult population - a near-quadrupling of the share of adults paying higher rates since the early 1990s. [Read Full Article]