One in five workers to pay 40% tax by 2027
Daily Mirror UK|May 16, 2023
ONE in five workers will be paying the higher rate of tax by 2027 because of a Tory freeze, the Institute for Fiscal Studies warns.
GRAHAM HISCOTT
One in five workers to pay 40% tax by 2027

The economics body said that, by then, the number of people paying income tax at 40% or above will have reached 7.8 million.

This equates to around one in seven of the total adult population What the IFS calls a "seismic shift" is a result of the Government's freezing of tax-band thresholds.

It said that in the 1990s, no nurses and just one in 16 teachers were paying the higher rate of tax.

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