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Millions are facing new tax headache over income bands freeze

Millions more workers will be dragged into paying the basic and higher rates of tax if the freeze on thresholds is extended for another two years, analysis showed last night.

Tom wernhamJeremy huntNadhim zahawiCentre for economicsCabinet officeBusiness researchInstitute for fiscal studiesRishi sunakDowning streetPrime ministerChancellor jeremy huntFiscal studies

Institute for Fiscal Studies: For Every pound sterling1 Given To Households Through Headline Cuts To Taxes, pound sterling2 Is Being Taken Away In Stealthy Freezes

Institute for Fiscal Studies: For Every pound sterling1 Given To Households Through Headline Cuts To Taxes, pound sterling2 Is Being Taken Away In Stealthy Freezes
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United kingdomCity ofTom wernhamNews service pressNuffield foundationResearch economistSenior research economistWelfare programme headNational insuranceInstitute for fiscalTargeted news servicePress releasesFiscal studies

Cost of living: UK homes will lose double what they save in tax cuts, IFS warn

The IFS said freezes will take away £2 for every £1 given to households through the personal tax cuts

United kingdomTom wernhamFalmouth packet

£2 taken from households in stealthy freezes for every £1 in tax cuts – IFS

By 2025–26, freezes will take away £2 for every £1 given to households through the headline personal tax cuts, the Institute for Fiscal Studies said.

United kingdomTulip siddiqVicky shawTom wernhamAssociation newsNuffield foundationInstitute for fiscal studiesPress association newsFinance correspondentFiscal studiesIncome taxIncome taxNuffield foundationChild benefitTax cuts

UK households will lose more from stealth tax freezes than they ll gain from cuts - says IFS

UK households will lose more from stealth tax freezes than they ll gain from cuts - says IFS
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United kingdomTulip siddiqTom wernhamNuffield foundationInstitute for fiscal studiesFiscal studies