Reeves rakes in record £67bn from ‘jobs tax' [Yahoo! Finance]
![Yahoo! Finance](../../../Content/images/providers/Yahoo! Finance.png)
Alphabet Inc. - Class C Capital Stock (GOOG)
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Source: Yahoo! Finance
The haul of £66.8bn between April and October represents a jump of almost 6pc from the £63bn which the Treasury received in the same period of the previous year, figures from HM Revenue and Customs show. By contrast employee National Insurance contributions, which are shown in workers' pay packets, fell to £28bn, down by almost one-quarter on the year, after the Conservatives cut the rate twice in their final year of office. It means that the vast majority of National Insurance is already being paid by employers, with the share set to rise further next year following the Budget. Damon Hopkins at financial services consultancy Broadstone, said the tax figures show employers' contributions already “far exceeding previous tax years and highlighting just how lucrative national insurance is likely to become for the Treasury”. The Chancellor's tax raid takes effect at the start of the new financial year in April 2025. From that point employers will pay a rate of 15pc - up from 13
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- Babbily Drops Major Update, Adding Grok 2, Solar Pro, Qwen, Minstal, and O3 Mini [Yahoo! Finance]Yahoo! Finance
- Google AI chief tells employees company has ‘all the ingredients' to hold AI lead over China's DeepSeek [CNBC]CNBC
- You can once again download TikTok from Apple and Google app stores in the U.S. [Los Angeles Times (CA)]Los Angeles Times
- TikTok Ban Timeline: TikTok Returns To U.S. App Stores—For Now [Forbes]Forbes
- Google AI chief says company has 'all the ingredients' to hold AI lead over China's DeepSeek [MSNBC.com]MSNBC.com
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- 2/4/25 - Beat
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- 2/14/25 - Form 5
- 2/14/25 - Form 5
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