Frozen Out: The Threshold Trap That Is Quietly Picking Every Working Household's Pocket
No vote was cast to raise your income tax rate. No minister stood at the despatch box to announce that millions more households would enter higher tax bands. Instead, Whitehall simply stopped adjusting the numbers — and inflation did the rest. Fiscal drag is the most effective stealth tax in modern British politics, and almost nobody is being held accountable for it.