Rising welfare bill set to ‘swallow’ stealth tax revenue

City AM · 1h ago

Rising benefit costs will “swallow” all the revenue from frozen tax thresholds that are dragging millions of workers into paying higher rates, analysis has found. The Centre for Social Justice has said that the £33bn increase in benefits spending between 2027 and 2032 will broadly match a rise in projected receipts from frozen income tax [...]

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Rising welfare bill set to ‘swallow’ stealth tax revenue

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