Tax grab on London and the South-East tops £100billion
Evening Standard|April 25, 2024
20 out of 25 constituencies with the highest bills are in the capital
Nicholas Cecil
Tax grab on London and the South-East tops £100billion

THE income tax grab on London and the South-East has topped more than £100 billion a year for the first time, official figures revealed today.

They show Londoners paid £59.3 billion to the Treasury annually and residents in the South-East £41.4 billion, just over half the total for the whole of England of £198 billion.

The bill is being driven up by the Chancellor's stealth tax freeze on the thresholds for paying different rates of income tax. About a million people in London and the South-East will have been brought into paying the higher rate of income tax due to the threshold freezes by 2027-28, according to figures from the House of Commons Library.

Twenty out of the 25 parliamentary constituencies with the highest income tax bills were in London. Kensington handed over £3.37 billion, slightly less than the whole of Northern Ireland at £3.44 billion.

Second highest was the Cities of London and Westminster at £3.15 billion, followed by Hampstead and Kilburn at £3.06 billion, Chelsea and Fulham £2.87 billion, Richmond Park £1.95 billion, Westminster North £1.87 billion and Battersea £1.68 billion.

هذه القصة مأخوذة من طبعة April 25, 2024 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 April 25, 2024 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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