UK Autumn Statement: 9 secrets buried in the small print Wednesday’s National Insurance cut — billed as a crowd-pleasing drop in personal taxes for workers — is dwarfed by the impact of what’s known as “fiscal drag ” That is, effectively, the impact of six years of freezes to the actual thresholds at which workers start paying tax in the first place
The hidden tax rise in the Autumn Statement - BBC News Tax cuts were the main theme of the chancellor's Autumn Statement, but the policy decisions will not prevent taxes staying at their highest level on record A big part of that is due to a
Brit families hit with £1,410 inflation tax in small print of Autumn . . . Families are set to be hit with a £1,410 ‘inflation tax’ this year, buried in the small print of Tory Jeremy Hunt’s Autumn Statement It comes as Labour blasted 12 “stealth taxes” hidden in the economic plan - even as the Chancellor claimed to be cutting taxes
Hunts stealth taxes will cost Brits an additional £1,410 next year Experts from the Office for Budget Responsibility (OBR) are warning that families will face an additional financial strain of £1,410 next year due to the increasing cost of living Experts predict that inflation will be higher and longer-lasting than initially thought
Labours tax raid to hit millions of families with extra £8,000 bill The breakdown includes a £3,520 hit from ongoing tax threshold freezes A further £1,410 will come from increased employer national insurance, with the Office for Budget Responsibility indicating 60 per cent of this cost will be passed to workers and consumers