Sunak Stealth Raid Will Be Biggest UK Tax Rise Ever, Study Shows

UK Prime Minister Rishi Sunak’s stealth tax raid on households is on course to be the biggest tax rise on record after being turbocharged by high inflation, new research showed.

The Resolution Foundation think tank said freezing the personal allowance for six years will raise £40 billion ($48.5 billion) a year by 2027-28 as soaring wages drag millions of people into paying basic or higher-rate income tax.

The findings will add to concerns in Sunak’s Conservative Party over a large increase in the tax burden under his watch, first as chancellor of the exchequer and now as prime minister. ...