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Sunak’s underhand tax haul

Peter Young CapX

“Low-tax Conservative” Rishi Sunak has managed to push up 2021/2022 tax receipts to their “highest level on record”, says Peter Young. The £718bn haul represents a 25% increase on the previous year. With inflation rising and thresholds and allowances frozen until 2026, we can expect more of the same. The statistics are “quite striking: inflation and fiscal drag have already doubled the scale of the tax rises Sunak announced last year”. At least one million