Wednesday, December 1, 2021
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Analysis from think tank Resolution Foundation found households face a £3,000 increase in tax bills by 2027

Analysis by the independent think tank Resolution Foundation suggests households face a “high-tax, big-state economy” with tax bills rising by…


Analysis from think tank Resolution Foundation found households face a £3,000 increase in tax bills by 2027

Analysis by the independent think tank Resolution Foundation suggests households face a “high-tax, big-state economy” with tax bills rising by £3,000 on average by 2027. Those on middle incomes will take a 2% hit while the richest fifth of households will suffer a 3.1% hit by the middle of the decade as a result of a Boris Johnson-led government.

Taxes are rising for middle and higher income families. . In 2026-27, tax as a share of the economy will be at its highest level since 1950, amounting to a £3,000 increase per household since Boris Johnson became Prime Minister.

By 2026-27, tax as a share of the economy will soar to its highest level since 1950, a £3,000 increase for every household since Boris Johnson became Prime Minister.

What people are saying?

Karl Harrison The whole tax system needs resetting I worked 16 hour days for 28 days solid this last harvest and got absolutely crucified with tax national insurance and pension would have been better off sitting on universal credit by the time I had removed fuel costs and food costs for work.


Molliethecollie
They’re not thinking very hard then, to be £3000 worse off the household income would put them well within the top 2% of tax payers, they are certainly not middle earners, that would be around £50k total for two adults earning equally.


Torsten Bell
Chancellor agrees with our new analysis showing tax burden rising to highest level since the 1950s, a rise equivalent to £3,000 per household since Boris Johnson became Prime Minister.

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