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The Independent UK
The Independent UK
National
Kate Devlin

Households will lose £2 in stealth freezes for every £1 in Truss tax cuts, says IFS

PA Archive

For every pound households receive through Liz Truss’s headline cuts to tax, twice as much will be taken away in “stealthy freezes”, a leading economic think tank has warned.

The figures come even before millions are predicted to suffer a hike in mortgage payments as a result of Kwasi Kwarteng’s disastrous mini-Budget.

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