Average family facing £5,500 tax hike over next decade under Conservatives
The average family is facing a £5,550 tax hike over the next decade as a result of Conservative tax rises, new research commissioned by the Liberal Democrats has revealed. The Liberal Democrats are calling on Boris Johnson to scrap the tax hikes and bring in an emergency tax cut in the Queen’s Speech, to help families struggling with the cost of living crisis. The research by the House of Commons Library finds that even after Rishi Sunak’s promised cut to income tax in 2024, families will still be left poorer by around £600 a year. The analysis is based on a typical household with two earners on a median salary of £33,790. It looks at the total impact of the tax changes announced by the Conservatives since 2021, including the…




