New research published by a think tank says that one in five workers will be paying the higher rate of income tax of 40 per cent or above by 2027.The Institute for Fiscal Studies (IFS) estimates 7.8 million workers will be dragged into the higher band due to frozen thresholds, with middle-income earners paying a rate aimed at the wealthy.
#people #years #prime-minister #uk-government #covid-pandemic #general-election #priti-patel #rishi-sunak
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