Budget 2021: IFS predicts ‘real pain’ for low-income households

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Budget 2021: IFS predicts ‘real pain’ for low-income households - short news

Thinktank’s verdict on Rishi Sunak’s budget says tax rises and inflation will mean falling living standards for many

Rishi Sunak’s decision to raise taxes on workers amid high levels of inflation will squeeze living standards next year, causing “real pain” for low-income households, the Institute for Fiscal Studies has warned.

Issuing its verdict after the chancellor’s budget on Wednesday, the UK’s leading tax and spending thinktank..

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source: The Guardian - 28.10.2021