Posted 11/22/2023, 5:22:00 PM
National Insurance Cut Tempered by Stealth Taxes and Inflation, Leaving Households Still Facing Historic Living Standards Squeeze
- National Insurance cut offset by stealth taxes like income tax freeze, leaving workers not much better off
- Millions pushed into higher tax brackets by income tax threshold freeze
- Taxes still set to hit post-war record high by 2029 despite Tory claims
- Inflation to stay above 2% target until mid-2025, clobbering households longer than thought
- Living standards facing biggest hit since 1950s even with National Insurance cut