UK set for biggest tax rise in at least 50 years
Published by Michael Graves on Fri, 03/11/2023 - 11:46amThe UK is on course to see its biggest tax rise in at least 50 years as a result of the freeze on personal thresholds and soaring inflation, according to analysis from the Resolution Foundation.
The think-tank said taxpayers are set to pay over £40 billion a year by 2028, up from a forecast of £30 billion at the time of the March Budget.