Nadhim Zahawi's mammoth tax settlement would have covered the tax rises hitting people in the town where he is MP this year, Labour has claimed.
The Tory chairman is said to have settled a bill worth around £3.7 million with HMRC, after admitting to a “careless” error in his tax arrangements.
Households are paying an average of £103 more in tax this year due to Rishi Sunak ’s decision to freeze income tax and NICs thresholds.