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Jeremy Hunt is forcing 1.5m people into higher tax band through his stealth raid on middle earners


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Nearly 1.5million more workers will be dragged into higher income tax bands over the next five years, Government forecasts have shown.

An additional 1,130,000 will have to pay higher rate tax at 40 per cent by 2027-28 as a result of Chancellor Jeremy Hunt’s stealth tax raid on middle earners.

Meanwhile 301,000 extra workers will be pulled into the 45 per cent additional rate tax band over the same period, according to a Freedom of Information request by wealth manager Quilter.

Workers will pay record amounts of income tax over the coming years due to the Treasury’s latest grab – despite earnings being hit by inflation.

An additional 1,130,000 will have to pay higher rate tax at 40 per cent by 2027-28 as a result of Chancellor Jeremy Hunt's stealth tax raid on middle earners

An additional 1,130,000 will have to pay higher rate tax at 40 per cent by 2027-28 as a result of Chancellor…



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Written by Bourbiza Mohamed

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

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