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About 7.8mn people will be paying the 40p rate originally intended for high earners by 2027-28, think-tank calculates
The scrapping of the lifetime allowance on contributions has rekindled interest among the well-off in employers’ pensions
Income thresholds have been frozen since 2021
Deputy first minister John Swinney says increases will help ‘challenging economic conditions’
Everyone will pay more tax after the Autumn Statement
Tell us how your investments worked out
‘Fiscal drag’ set to hit the squeezed middle hardest
The chancellor is applying the biggest tax squeeze to the middle classes, not the wealthiest
Key changes affecting personal taxes, investments, pensions and property
Think-tank highlights how PM’s move, allied to high inflation, is poised to levy far more from Britons
British chancellor is considering reducing tax rate gap between capital and labour
Forthcoming drop in income tax will also hit revenue from the scheme
IFS calculations show all levels of income distribution will be hit by measures
But even big giveaways will not save the wealthy from inflation
Advisers raise risks of ‘pre-filing’ discussions after authority approaches high earners
HMRC figures show a 50% increase in people paying at least 40% in 2022-23 compared with 2019-20
Institute for Fiscal Studies says move would improve equality and raise more money from wealthy individuals
Critics say targeting the super-rich inhibits entrepreneurs but this is a move towards a fairer society
New minimum rate would hit US households worth more than $100mn
Plan would require US households worth more than $100mn to pay 20% levy on all income
Chancellor pleases his own party but does little to help the poorest
Price rises and freeze on thresholds provide unexpected boost to exchequer but come as cost of living bites
Hidden costs of frozen thresholds tempt more higher earners to consider VCTs
The chancellor should stop trying to emulate Nigel Lawson and focus on steering the economy out of the pandemic
Previous national insurance increase and other moves will bite
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