Odds Are, You’ll Be a 40% Taxpayer One Day
A mixture of inflation and frozen tax thresholds mean it’s almost just a matter of time
Jeremy Hunt can’t pick Janet Yellen’s pocket, but he’s sure having a good rifle around in yours.
Photographer: Issei Kato/ReutersWelcome to Money Distilled. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.
The latest UK jobs data came out this morning. You can read the full breakdown here — there’s always a lot to pick over — but today we’re going to focus on wages, and your other favourite topic: taxes.