Inflation coming down in the UK is welcome news for the government, ahead of next week’s budget.
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But since inflation picked up, the UK government has frozen personal tax allowances.
That means more and more people have been fiscally dragged into the higher rate, netting billions for the government.
When Labour came in, the Chancellor announced it would end.
Now, it looks like they will extend the freeze in the budget to raise funds, with a renewed focus on people with the broadest shoulders.
Except, after years of inflation, low economic growth and wage compression, even the normally well-heeled English middle classes feel financially stretched.
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