Stealth Tax to Cost Workers £285 a Year

Stealth Tax to Cost Workers £285 a Year

An estimated 1.3 million people will pay more if the chancellor maintains the freeze on income tax thresholds, a move dubbed a 'stealth tax' by the Liberal Democrats.
Research by the House of Commons Library indicates that this freeze will cost workers an average of £285 a year.
This policy, which does not require a formal vote on new taxes, effectively increases the tax burden on a large segment of the population.
Critics argue that this measure disproportionately affects lower and middle-income workers, who will see a larger percentage of their income consumed by the tax.
The report highlights the financial pressure on households and calls into question the government's approach to fiscal policy.

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