The stealth tax rise

To many, the start of the new tax year in April will seem quiet, more of the same with no big changes to the tax system announced by the government.

But hidden beneath the surface lie a series of stealthy tax rises - freezes to thresholds which coupled with rising inflation are projected to raise around £30 billion for the Treasury over the next few years and hit household finances hard.

Here to reveal the truth are Helen Miller, Head of Tax at IFS, and Tom Waters, Associate Director at IFS. 

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