What Jeremy Hunt didn't tell you in his Budget ✒️ paullewismoney Budget2023
The Government is spending nearly £3bn to keep your energy bills down from April. But you probably won’t notice. Because average bills will actually rise by £67 a month to £2,500 a year – roughly double what they were in winter 2021.
The result is that from April basic rate taxpayers will be paying £340 a year more in tax than if it has risen with inflation – as it should have done – to £14,270. The six-year freeze will mean 2.1 million people will pay higher rate tax for the first time. Overall taxpayers will be sending the Chancellor £110bn extra over the six years to 2027/28.
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