Biggest Tax Hike since World War Two
A recent study reveals that families in the UK will be paying £3,500 more in taxes than in the previous election, marking the largest burden increase since World War Two.
£100 Billion Extra Tax Collected by the Treasury
The Treasury has collected a staggering £100 billion more in taxes compared to when Boris Johnson was elected in 2019, causing concern for Chancellor Rishi Sunak.
The Institute for Fiscal Studies' Worrying Research
According to research conducted by the Institute for Fiscal Studies (IFS), the upcoming General Election will be held during the biggest tax-raising parliament since the Second World War, raising concerns for the economy.
Tory Governments Increase Tax Post-Covid
Following the impact of the Covid pandemic, successive Tory governments have implemented tax increases. The Chancellor, Jeremy Hunt, believes that cutting taxes at this time is virtually impossible, despite lower-than-expected borrowing.
Labour's Shadow Treasury Minister Criticizes Tax Hike
Darren Jones, Labour's shadow treasury minister, stated that hardworking Brits are being hit hard by the tax hike and voiced his concerns about the financial burden on families.
