US EditionFiscal drag to push 8.3 million more Britons into higher tax brackets by 2030 – Your Capital Minds
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Fiscal drag to push 8.3 million more Britons into higher tax brackets by 2030 – Your Capital Minds
More than eight million people will find themselves paying higher rates of income tax by the end of the decade due to the long-term freezing of tax thresholds, according to the UK’s official forecaster. In projections released alongside the March spring statement, the Office for Budget Responsibility (OBR) said that 8.3 million people would be pulled into the tax system or pushed into higher tax bands by 2029-30 as a result of so-called fiscal d…
Fiscal drag to push 8.3 million more Britons into higher tax brackets by 2030
More than eight million people will find themselves paying higher rates of income tax by the end of the decade due to the long-term freezing of tax thresholds, according to the UK’s official forecaster. In projections released alongside the March spring statement, the Office for Budget Responsibility (OBR) said that 8.3 million people would be pulled into the tax system or pushed into higher tax bands by 2029-30 as a result of so-called fiscal d…
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