Rishi Sunak defends budget despite bleak tax predictions for UK's poorest
Published at : November 01, 2021
BREAKING NEWS: HARD-WORKING Brits will be £180 worse off each year after yesterday's tax-whacking Budget, Rishi Sunak has been warned.
Economists have warned that the squeezed middle have been clobbered hardest by the spending splurge
But in a silver lining, they said Chancellor Rishi Sunak could manage a massive £7billion tax giveaway before the next election.
The Chancellor said he resents having to hike taxes and wants to see them falling by the next election due for 2024 as a "priority".
Experts said a toxic triple whammy of low wages, rocketing inflation and higher tax bills will leave millions feeling poorer next year.
The hugely respected Institute of Fiscal Studies said Rishi’s Budget was a “once in a decade event” which has torn up traditional Tory low tax orthodoxy and left the state at its biggest in 50 years.
Paul Johnson, director of the IFS, said: “The worry for the government is that, for all the Chancellor’s upbeat delivery, the voters may bit get much feel good factor.”
Read more:
Hard-working Brits will be £180 worse off each year after tax bomb Budget, Rishi Sunak is warned
https://www.thesun.co.uk/money/16560980/brits-will-be-180-worse-off-each-year/
Rishi Sunak vows again to cut taxes over next few years and says spending spree Budget was ‘clear statement of intent’
https://www.thesun.co.uk/money/16558801/rishi-sunak-budget-cut-taxes-brits/
The Sun newspaper brings you the latest breaking news videos and explainers from the UK and around the world
Become a Sun Subscriber and hit the bell to be the first to know
Read The Sun: http://www.thesun.co.uk
Like The Sun on Facebook: https://www.facebook.com/thesun/
Follow The Sun on Twitter: https://twitter.com/TheSun
Subscribe to The Sun on Snapchat: https://www.snapchat.com/discover/The_Sun/1633225139
#RishiSunak #Budget #Tax
Economists have warned that the squeezed middle have been clobbered hardest by the spending splurge
But in a silver lining, they said Chancellor Rishi Sunak could manage a massive £7billion tax giveaway before the next election.
The Chancellor said he resents having to hike taxes and wants to see them falling by the next election due for 2024 as a "priority".
Experts said a toxic triple whammy of low wages, rocketing inflation and higher tax bills will leave millions feeling poorer next year.
The hugely respected Institute of Fiscal Studies said Rishi’s Budget was a “once in a decade event” which has torn up traditional Tory low tax orthodoxy and left the state at its biggest in 50 years.
Paul Johnson, director of the IFS, said: “The worry for the government is that, for all the Chancellor’s upbeat delivery, the voters may bit get much feel good factor.”
Read more:
Hard-working Brits will be £180 worse off each year after tax bomb Budget, Rishi Sunak is warned
https://www.thesun.co.uk/money/16560980/brits-will-be-180-worse-off-each-year/
Rishi Sunak vows again to cut taxes over next few years and says spending spree Budget was ‘clear statement of intent’
https://www.thesun.co.uk/money/16558801/rishi-sunak-budget-cut-taxes-brits/
The Sun newspaper brings you the latest breaking news videos and explainers from the UK and around the world
Become a Sun Subscriber and hit the bell to be the first to know
Read The Sun: http://www.thesun.co.uk
Like The Sun on Facebook: https://www.facebook.com/thesun/
Follow The Sun on Twitter: https://twitter.com/TheSun
Subscribe to The Sun on Snapchat: https://www.snapchat.com/discover/The_Sun/1633225139
#RishiSunak #Budget #Tax
The Sunnewsbreaking news