Sunak’s shady tax raid on 1.2 million people will push them into a higher tax bracket.


Sunak’s ‘clobber families’ tax raid will push 1.2 million people into a higher tax bracket.

According to a report, RISHI SUNAK’S plan to freeze income tax thresholds is expected to push more than one million people into the higher tax bracket by 2026.

According to The Telegraph, Rishi Sunak, 41, and his Treasury team’s plans are expected to push more than 1.2 million people into the 40p higher tax bracket and another 1.5 million into the 20p basic rate.

The Liberal Democrats commissioned the House of Commons Library to complete the analysis, which found that the average British family will pay £430 more per year.

Londoners are expected to pay an additional £510, the South East £500, and the East of England £470.

The North East will see the smallest increase, but residents will still have to pay £340.

Boris Johnson, 57, pledged during the Conservative leadership election in 2019 to raise the 40p threshold from £50,000 to £80,000.

Christine Jardine, 61, of the Liberal Democrats, has since called on the government to “drop this sneaky unfair tax that will clobber families who are already feeling the pinch.”

Mr Sunak, however, should “think again” about raising the tax threshold, according to Northern Research Group chairman and Tory MP Jake Berry, 43.

Mr. Berry’s remarks come amid reports of a Cabinet feud over tax increases.

Leader of the Commons Jacob Rees-Mogg, 52, questioned Mr Sunak about plans to raise National Insurance contributions by 1.25 percent.

The average worker will pay an extra £255 per year as a result of the National Insurance increase.

Mr Johnson, who backed Brexit in 2016, is also under pressure to follow through on a promise he made as a Vote Leave campaigner to eliminate VAT on energy bills.

Once the price cap is raised to account for the increase in wholesale gas prices in April, energy bills are expected to rise by as much as 56 percent.

“If you are someone on average earnings who is going to be hit by a tax increase as a result of the reduction of the personal allowance, a tax increase because of national insurance, and an extra potential several hundreds of pounds a year from fuel prices, then.” said Paul Johnson of the Institute for Fiscal Studies.

“Brinkwire News in Condensed Form.”


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