UK households face tax rise of £3,500 a year by next election, finds IFS

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UK households face tax rise of £3,500 a year by next election, finds IFS - short news

Thinktank says Tories have overseen the biggest increase in taxes during a parliament since records began in 1951

UK households are facing an average tax rise of £3,500 a year by the next election, the country’s leading economics thinktank has said – the biggest increase over a parliament on records dating back more than 70 years.

The Institute for Fiscal Studies (IFS) said that on current forecasts the Conservatives were on track to raise £100bn more annually by 2024 than..

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source: The Guardian - 29.09.2023