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Most young adults in UK are anxious about jobs and the economy, research suggests

Respondents to King’s Trust survey cited AI and a lack of work experience as reasons they might fail in life More than seven in 10 teens and young adults in the UK say they wish they were not starting their careers in the current economic climate, according to new research from the King’s Trust . The study also found that more than a quarter of people aged 16 to 25 feel they are going to fail in life, highlighting growing anxiety among those entering the labour market. Continue reading... from The Guardian https://ift.tt/pD15uhK via IFTTT
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Labour’s tax red lines have left Reeves with ‘one hand tied’ for budget, says IFS

Ruling out of rises to four main taxes could lead chancellor to make ‘economically damaging’ decisions, says thinktank

Rachel Reeves has “one hand tied behind her back” as she considers how to balance the books next month in her first budget, a leading economic thinktank has said, after she ruled out increases to the four main taxes that account for 75% of all revenues.

The Institute for Fiscal Studies (IFS) said Labour had promised not to raise income tax, national insurance, VAT or corporation tax before the budget, heightening speculation that Reeves will seek to increase revenues from rises in capital gains tax, inheritance tax and stamp duty on property sales.

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