Low income tax burden rises by nearly a fifth

It has emerged that low income families will see their tax burden rise by nearly a fifth, before the National Insurance rise and cost of living crisis takes hold.

According to the Labour Party, the tax burden has gone up dramatically in just two years for those on low incomes at the same times as the cost of living crisis escalates, leaving families feeling worse off and they face tax hikes, rising food and energy bills, and soaring petrol prices.

Rachel Reeves, Labour’s Shadow Chancellor, 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.”

Event Diary

UKREiiF has quickly become a must-attend in the industry calendar for Government departments and local authorities.

The multi-award-winning UK Construction Week (UKCW), is the UK’s biggest trade event for the built environment that connects the whole supply chain to be the catalyst for growth and positive change in the industry.

The organisers of the world’s largest dedicated hydrogen event, World Hydrogen 2024 Summit & Exhibition have announced it’s return to Rotterdam in May 2024, with an expansion of a whole extra summit day. Sustainable Energy Council (SEC) are partnering with the Government of the Netherlands, the Province of Zuid-Holland, the City of Rotterdam, and the Port of Rotterdam to host an extended, larger scale Summit in 2024, to expand the event to meet the surging demand.