New stealth tax would hold back London’s growth
Kristian Niemietz writes in CapX
Matthew Lesh quoted in The Evening Standard
“The freezing of the income tax thresholds is a gigantic tax rise by stealth,
“It means hundreds of thousands of middle-income earners across London facing an ever-higher tax burden. While inflation devalues the real value of our earnings, the tax man is coming in to take a little extra.
“The rising tax burden is making many top-earners reconsider whether London is the right place to call home. The 70-year high tax burden risks slowing the UK’s economic recovery.”
Read the full article here.