Ollie Cooper, a live news reporter, explains key terms to understand financial developments in the UK government. Fiscal headroom is the means by which the government can alter spending or taxes without contravening fiscal rules. Income tax thresholds determine when individuals begin to pay tax. Fiscal drag occurs when tax thresholds don’t increase alongside pay rises. The tax burden signifies the impact of tax on a population. Value Added Tax (VAT) and inheritance, corporation, capital gains, and National Insurance are various forms of taxes on goods, services, estate, company profits, and employment income respectively.
Aflac Cyber Breach May Expose Customer Health Data, Social Security Numbers
Health insurance firm Aflac disclosed a cyber breach, potentially exposing customer data, including health and claims information, social security numbers, and other personal details. The
