Since 2012
Venture capital dealmaking on Sand Hill Road is still frenzied despite falls in tech sector shares
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How Rachel Reeves’s measures on tax, NI and benefits affect single people, couples, families and those receiving pensions in England, Wales and Northern Ireland Luke can’t get a graduate role and works 35 hours a week in a cafe. He is paid the national living wage (NLW) of £12.21 for workers aged 21 and over. He pays £1,930 in income tax and £772 in national insurance (NI) contributions. This results in a monthly take-home pay of £1,627 after tax, or £19,520 a year. On 1 April 2026 the NLW rate will increase 50p – 4.1% – to £12.71 an…
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