Teachers and nurses dragged into higher taxes, warns think tank

Teachers and nurses dragged into higher taxes, warns think tank Millions more people, including teachers and nurses, will pay a higher rate of income tax, a leading think tank has warned.

A freeze on income tax thresholds from April means more people will pay a 40% rate, in what the Institute for Fiscal Studies described as the biggest tax raising drive since the late 1970s.

It claimed this will contribute to a sharp fall in household finances.

And if inflation remains high, more people will be affected. BBC News

See also:

• A deepening freeze: more adults than ever are paying higher-rate tax Institute for Fiscal Studies