Once you earn over £100,000 annually, you lose the right to 30 hours of (very valuable) free childcare. So bizarrely, parents are now better off earning £99,999 than £149,999.
Politics & Policy
In the UK, landlords who hold property in registered companies (rather than their personal name) can deduct 100 per cent of their borrowing costs from their tax bill. The result is that there are now 401,744 buy-to-let firms – four times the number of fast food takeaways or hairdressers.
Homes priced at £1mn or more only make up 5 per cent of total residential transactions across the UK, but they account for nearly half the stamp duty collected.
The Conservative party was in power for 14 consecutive years from 2010 to 2024. Yet the Labour party led in two-thirds of the 4,000 opinion polls published during that time – just not when it mattered.
The richest tenth of UK households holds over 40% of wealth (though income is distributed more evenly).