IFS: Millions in Britain ‘face stealth tax raid’ under Liz Truss’s plans - short news
For every £1 given workers by cutting tax rates £2 was being taken via freeze on income tax thresholds, thinktank calculates
Millions of households are facing a “stealth” tax raid under Liz Truss’s government despite her promise to support workers through the cost-of-living crisis by lowering their tax bills, Britain’s leading economic thinktank said on Wednesday.
The Institute for Fiscal Studies (IFS) has calculated that for every £1 given to workers by cutting..
source: The Guardian - 05.10.2022