21.1 C
New York

Income tax: Rishi Sunak’s ‘stealth tax raid’ could cost you £6,500 | Personal Finance | Finance


Laura Suter, head of private finance at AJ Bell, said: “In a swift about-turn, a nation that was getting tax breaks across the board just weeks ago is now braced for an onslaught of tax rises on this week’s statement. 

“The brand new chancellor has the unenviable task of filling the Government’s financial black hole, tackling the present cost of living pressures and never deepening the UK’s recession, all while keeping markets on side.

“In a bid to avoid spooking markets again, the Chancellor Jeremy Hunt’s approach appears to be to leak all the pieces in order that no-one is surprised when he gets up on the dispatch box. 

“From extending the freeze on tax allowances to a rumoured reduction in the edge for the best rate of income tax, the rabbits are already out of the hat.”

READ MORE: ‘Pensions death tax’ warning as Hunt move threatens inheritances

Get the latest Sports Updates (Soccer, NBA, NFL, Hockey, Racing, etc.) and Breaking News From the United States, United Kingdom, and all around the world.

Related articles


Recent articles