Today news
About the same in other media
Household tax bills to rise on average by £3,000 by 2027, says thinktank
Reading now: 599
Boris Johnson’s government has set a course for a “high-tax, big-state economy” with a budget that will raise household tax bills by £3,000 on average by 2027, according to an analysis by an independent thinktank.
The Resolution Foundation said that despite a spending spree, real wages would fall again next year. The UK is “still in the midst of its weakest decade for pay growth since the 1930s,” it said.
Sunak portrayed the budget as preparing the “high-wage” economy for the “post-Covid” era, as stronger economic forecasts gave him room to increase spending on government departments by £150bn.
However, the Resolution Foundation said real wages would grow by just 2.4% between May 2008 (as the financial crisis hit) and May 2024, compared with
Read more on theguardian.comAbout this in other media
Hunting, shooting and taxing: call for grouse estates to pay green levy theguardian.com /2 years ago
UK business rates review may tax streaming services and online goods theguardian.com /2 years ago
UK diesel prices reach record high in blow to households and businesses theguardian.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
