Wednesday 5 January 2022 / 10:30 PM Cost of Living / Economy / Rachel Reeves

Low income families’ tax burden rises by nearly a fifth even before NICs rise takes hold

Labour has slammed the Government after it emerged that low income families will see their tax burden rise by nearly a fifth – and that’s before the National Insurance rise and cost of living crisis takes hold.

The Party pointed towards how the tax burden has gone up dramatically in just two years for those on low incomes.

It comes as the cost of living crisis continues to escalate, leaving families feeling worse off and they face tax hikes, rising food and energy bills, and soaring petrol prices.

Rachel Reeves MP, Labour’s Shadow Chancellor of the Exchequer, said:

“Right now, people are being hit by a cost-of-living crisis which has seen energy bills soar, petrol and food prices up and the weekly budget stretched.

“That’s why Labour is calling on the Government to immediately remove VAT on household heating bills over the winter months.

“On top of the highest tax hikes in 70 years, Conservative complacency is leaving working people paying the price.”