THE typical household will be £100 worse off from 1 April — as new tax rules kick in. Most will be hammered by stealth taxes, inflation and higher council taxes. But the lowest income households wi…
As the new financial year starts, the Resolution Foundation said thewill raise an extra £25billion by 2028, nearly three times original estimates.
Commenting on this stealth tax raid, the economic think tank said: “High inflation has pushed up the projected revenue take from the Government’s personal tax threshold freeze to £25 billion a year – almost triple the amount forecast when the freeze was introduced.”
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