UK Budget puts taxpayers on 'red alert'

Mark Battersby
clock • 2 min read

"This was a Budget for lower paid workers, drivers and boozers, with a large increase in spending on public services", said Laith Khalaf, head of investment analysis at AJ Bell in reaction to yesterday's UK Autumn Budget 2021. For ten key takeaways from the Budget click here. Khalif argued that "almost everybody in the country needs to be on red alert for fiscal drag, because inflation has turbocharged the Chancellor's decision to freeze personal tax allowances, which was announced in the last Budget. Working taxpayers are going to find themselves paying significantly more tax as the...

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