Rishi Sunak’s stealth income tax hike is set to cost an average-earning couple £8,000 over the next decade.
Middle-income Brits like nurses and teachers will be hit hard by a six-year freeze in the £12,570 Income Tax threshold.
A “median earning” person on £33,280 a year will pay £4,040 more in Income Tax by March 2031, compared to if thresholds had risen with inflation, analysis by the House of Commons Library found.