Middle-class earners will still be paying more tax despite Jeremy Hunt’s £10bn National Insurance cuts, the Institute for Fiscal Studies has said. Anyone earning more than £60,000 faces a bigger tax bill this year because the Chancellor’s stealth income tax raid will cost them more than they will gain from reductions to other taxes on income. A person earning £61,000 …
Angering heartland voters is not the usual tactic of a Government going to the polls within months. Yet the goodwill this engendered may be squandered as pensioners are missing out on the best of the tax cuts announced at the Budget, just as they did at the Autumn Statement in November. Torsten Bell, chief executive of the Resolution Foundation, says: …
