Budget 2021: Rishi Sunak 'plotting stealth income tax rise' to hit working Brits
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mirror.co.ukRishi Sunak is to hit working Brits with a "stealth" rise in income tax in his Budget, according to reports. The Chancellor will unveil his plan to repair the nation's finances after huge and unprecedented levels of public spending to fund the Covid pandemic response.
He is expected to give a major boost to the housing market, by extending the stamp duty holiday to June and bringing back 95% mortgages.
The Chancellor is set to resist a large-scale claw back of the £400bn spent on the Covid pandemic and avoid big tax hikes. But he may also set out plans to quietly raise income tax receipts by six billion pounds.
The Sunday Times reports that Mr Sunak, who has been under pressure to bring in tax rises, will freeze the income threshold for
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