AVERAGE earners face losing hundreds of pounds and the next government faces unenviable choices over cuts to public spending in light of Jeremy Hunt’s Autumn Statement, experts warned today.
Analysis revealed that what the Chancellor gave away in national insurance deductions — £10 billion as part of a package of tax cuts worth £20 billion — was far outstripped by inflation trapping millions more people in higher income bands.
“Higher than expected inflation has added around £14 billion to the size of that fiscal drag just since March, taking the total to some £50 billion,” said Paul Johnson, director of the Institute for Fiscal Studies. Mr Hunt kept tax thresholds and allowances frozen at current levels, despite surging inflation this year.
この記事は Evening Standard の November 23, 2023 版に掲載されています。
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この記事は Evening Standard の November 23, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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