Current stats to use in essays(update every time) Flashcards
(7 cards)
1
Q
What is the current interest rate in the UK
A
4.25% down from 4.5%
2
Q
What is the current inflation rate
A
3.5%
3
Q
What is the current unemployment rate in the UK
A
4.5%
4
Q
What is the UKs current growth rate
A
0.7% in first quarter of 2025
5
Q
Current inheritance tax
A
40% if above 325,000 threshold
6
Q
Current Income tax thresholds
A
Band Taxable income Tax rate
Personal Allowance Up to £12,570 0%
Basic rate £12,571 to £50,270 20%
Higher rate £50,271 to £125,140 40%
Additional rate over £125,140 45%
7
Q
current corporation tax
A
19% under 50,000
25% between 50,000 and 250,000 with marginal relief
25% over 250,000 no marginal relief
