MILLIONS of people will be worse off next year with record levels of tax which could rise even higher over the next decade, leading economists warned today.
The Institute for Fiscal Studies (IFS) said Chancellor Rishi Sunak had given himself leeway to lower taxes by some £7 billion in the run-up to the next election, expected in 2024. However, the highly-respected economic think tank believes these reductions are likely to be only “temporary” and that in the years after the election the tax burden could go up again and by even more.
“I would be very surprised if the tax burden in a decade’s time is less than it is now and indeed I would not be at all surprised if it is more,” IFS director Paul Johnson told BBC Radio 4’s Today programme. “That is an inevitable consequence, partly of growing richer, all be it slowly, but also a consequence of demographic change in an ageing population.” In its verdict on the Budget and Comprehensive Spending Review, the IFS said:
The Chancellor had made “historic tax increases” this year, upping them by £40 billion, to plough billions more into the NHS, to tackle the social care crisis and boost spending for other Whitehall departments.
هذه القصة مأخوذة من طبعة October 28, 2021 من Evening Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة October 28, 2021 من Evening Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Only £65k a month to live like Boy George
The Karma Chameleon singer listed his house for £17m in 2022, turning down offers. Now, he's looking for a tenant
Welcome to London, unicorn capital of Europe
We're flying far ahead of anywhere outside US for tech investment
Arteta's Arsenal evolution The next phase
Malik Ouzia and Simon Collings assess how the Spaniard will try to bring down Man City after he signs up for another three years with the title in his sights
Title fight catches fire after Gunners embrace dark side
Arsenal-City clashes take on a welcome edge of animosity
Whack the hippy gong-boho's back
It happened in Paris one grey February day. Sienna Miller was in an oversized, black leather jacket, lace-trimmed silk slip and clumpy great wedges.
There's a Starlink waiting in the sky... 7,000 in fact.Can Elon Musk stop them crashing to Earth?
As he was preparing his fields for seeding this year, Barry Sawchuk came across a giant slab of space debris. It had come from a spacecraft belonging to Elon Musk’s company, SpaceX.
'Politicians are only into power-mongering, corruption and cronyism'
We speak to alt revolutionary DEEPAK CHOPRA about biomarkers, his digital twin and his work to save humanity from disease
I've been waiting for a production of Godotthis brilliant all my life
Ben Whishaw and Lucian Msamati bring a potent, tragicomic chemistry to James Macdonald’s rich revival of Samuel Beckett’s challenging play.
Trust me, the Ritz is London's bestrestaurant
To whom we turn in moments of gloom and glory can be instructive, a filter of our truest friends. I've fallen out with the Ritz a couple of times, including once after a visit to the bar which didn’t warrant a review (“But you said it was lovely!” they said.
'Healing is a dirty word'
After four traumatic years, FKA twigs is back with a new album -and a thrilling metamorphosis