Best of the financial columnists
May 06, 2022
3 minutes
Sunak’s underhand tax haul
Peter Young CapX
“Low-tax Conservative” Rishi Sunak has managed to push up 2021/2022 tax receipts to their “highest level on record”, says Peter Young. The £718bn haul represents a 25% increase on the previous year. With inflation rising and thresholds and allowances frozen until 2026, we can expect more of the same. The statistics are “quite striking: inflation and fiscal drag have already doubled the scale of the tax rises Sunak announced last year”. At least one million
You’re reading a preview, subscribe to read more.
Start your free 30 days