Brits tell how they will be ‘financially crippled’ and ‘skipping meals’ after £1tn tax hit

Beleaguered Britons have today told how they have been left financially crippled and will be forced to skip meals after Jeremy Hunt unveiled a brutal squeeze to stabilise the government’s finances with the tax burden soaring above £1trillion this year.

Unleashing a wave of tax changes in an extraordinary Autumn Statement, the Chancellor warned the country must make ‘sacrifices’ to weather turmoil at home and abroad while insisting the emergency response would be ‘compassionate’.

But Britons now face the highest tax burden since the Second World War, with all workers facing having to pay more in tax as a freeze on the personal allowance, basic and higher thresholds is extended to 2028. 

The raft of changes have left the average family facing the prospect of being more than £800 a year worse off, while the Chancellor has also confirmed that help with soaring energy bills is due to be reigned in – with the typical household bill rising from £2,500 to £3,000 from April..

It has also…

Read the Full Article Here Dailymail

Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

Leave a Reply

Your email address will not be published. Required fields are marked *

World Cup uncapped players hoping to make an impression in Qatar

Cristiano Ronaldo admits he hopes Arsenal win Premier League if Man United fail to enter title race