HIGHER TAX 'HERE TO STAY' AS PAIN GOES ON
Evening Standard|November 18, 2022
NEW WARNING THAT BURDEN UNLIKELY TO RETURN TO PRE-COVID LEVELS 'ANY TIME IN COMING DECADES'| Truth is we just got a lot poorer, says IFS after revenue grab
David Bond and Nicholas Cecil
HIGHER TAX 'HERE TO STAY' AS PAIN GOES ON

HIGHER taxes "look to be here to stay" and will not return to pre-pandemic levels for decades, leading economists warned today.

In a stark assessment of Jeremy Hunt's chilling Autumn Statement, which set out plans for £24 billion of tax rises, the Institute for Fiscal Studies braced Britons for even more pain after the next general election.

"I would be most surprised if the tax burden gets back down to its long-term pre-Covid average at any time in the coming decades," IFS director Paul Johnson said. "Higher taxes look to be here to stay." He also stressed that living standards were set to plunge to their lowest level in decades. He added: On some measures people may be an astonishing 30 per cent worse off than we might have expected had pre-financial crisis trends continued through to the mid-2020s.”

هذه القصة مأخوذة من طبعة November 18, 2022 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.

هذه القصة مأخوذة من طبعة November 18, 2022 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.

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