MoneyWeek

The frightening cost of fiscal drag

If you think your taxes haven’t risen in recent years, think again. While the headline tax rates may have stayed the same – or even fallen in some cases – the long-term freeze on tax thresholds mean you are likely to be paying far more now than a few years ago.

Research by accountancy firm Tax Bite has found that the average worker will pay nearly £50,000 more income

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