More than two million people have become taxpayers at a higher rate under the Boris Johnson government, fueling the reaction of Conservative MPs.
This morning, the HMRC released figures showing that 6.1 million people, the equivalent of one in six adults, now pay at the rate of 40 percent, up from 4.2 million in 2019. They include 629,000 who pay the highest level of income tax, 45 percent. earnings in excess of £ 150,000, up from 421,000 in 2019-20.
It will add to the concern among Conservative MPs that the Conservatives ’reputation as a low-tax party is under threat. More people have been dragged into paying the higher fee due to the decision of Rishi Sunak, the chancellor, to freeze the personal income tax bonus and