Tax rises of £800 a year coming whoever wins UK election, thinktank finds

Neither Labour nor Tories have committed to axing already announced rises, Resolution Foundation warnsTax rises “hiding in plain sight” that will cost UK households an average of £800 a year are already on the way whoever wins the general election, a leading thinktank has warned.While the Conservatives and Labour argue about what levies the other would introduce in power, the Resolution Foundation has warned that already announced measures will increase the total tax take by about £23bn a year by 2028-29. Continue reading...

Jun 8, 2024 - 13:30
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Tax rises of £800 a year coming whoever wins UK election, thinktank finds

Neither Labour nor Tories have committed to axing already announced rises, Resolution Foundation warns

Tax rises “hiding in plain sight” that will cost UK households an average of £800 a year are already on the way whoever wins the general election, a leading thinktank has warned.

While the Conservatives and Labour argue about what levies the other would introduce in power, the Resolution Foundation has warned that already announced measures will increase the total tax take by about £23bn a year by 2028-29. Continue reading...

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