More than two million people have become taxpayers under the Boris Johnson administration, sparking backlash from Tory MPs.
This morning, HMRC released figures showing that 6.1 million people – equivalent to one in six adults – now pay 40 percent, compared to 4.2 million in 2019. Among them are 629,000 who pay the highest income tax – 45 percent on profits. above £150,000 – up from 421,000 in 2019-20.
It will raise concerns among Tory MPs that the Conservatives’ reputation as the low-tax party is under threat. Due to a decision by Rishi Sunak, the Chancellor, to freeze the personal income tax deduction and