The Tory party has tried and failed to convince the public that they are better off these past few years. This should surprise no one. The spike in the tax burden, combined with the inflation crisis, has been felt by practically everyone.
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The IFS argues that a number of exemptions to the tax should be removed, which would result in people being able to pass on less of their wealth to loved ones.
The pay gap at the UK’s largest companies, which measures the difference in earnings between pay packets for chief executives and average employees, rose last year despite upward pressure on wages across the economy.