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Category Innovation

The madness of the £100,000 childcare tax trap

How could a £1 pay rise end up costing you nearly £50,000? The answer is the childcare cliff edge in the UK tax system, which will get considerably steeper for higher-earning families from September. The government’s expansion of free childcare…

UK government borrowing overshoots expectations

Unlock the editor’s digest in free FT editor Raula Khalaf selected his favorite stories in this weekly newsletter. According to the formal personality, the UK government has intensely overseas expectations in February, and the next week, preparing for his spring…