Explained in plain English
Who pays higher taxes?
The story mentions potentially raising taxes on higher earners to help with the cost of living. In the UK, income tax is progressive, meaning those with higher incomes pay a larger percentage of their earnings in tax. This approach aims to redistribute wealth and support those on lower incomes.
Stories that explain this
Andy Burnham hints income tax threshold may rise, offering people breathing spaceThis explainer came from a news story
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