According to an investigation by the Mail on Sunday, the Chancellor is expected to raise an extra £50.5billion from wealth taxes such as Capital Gains Tax and Inheritance Tax, hitting thousands of middle-class families.

Commenting on the news, IEA Director General Mark Littlewood said: “This is part and parcel of having a complicated tax code that is 13 times longer than War And Peace“, adding that Inheritance Tax is the most “hated taxes by prudent middle-class Britons“.

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