Middle-income Brits lose most from Budget with tax hikes, inflation and low wages
MIDDLE-INCOME Brits will lose most from the spending splurge Budget as families are clobbered by a triple whammy of tax hikes, inflation and low wages.hiked NHS spending, slashed alcohol duty and axed business tax in his £150billion blowout.
The figure will hit 5.9million by 2025, said the IFS, which claimed that most Brits had not been given a real pay rise since the financial meltdown 13 years ago. Had wages continued growing at 2008 rates, someone now on £30,800 would be raking in £43,700 instead.lagging behind. Health budgets are up 42.4 per cent since 2010 while spending on education has increased by a meagre 2.8 per cent. Paul Johnson, director of the IFS, said: “Over the next several years a combination of tax increases and high“The worry for the government is that, for all the Chancellor’s upbeat delivery, the voters may not get much feelgood factor.
Despite the warnings, Mr Sunak reassured anxious Tories that he does back low taxes — and said his boost to
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