• via The Guardian
The Stealth Tax Spiral: How Labour's Promises Collided With Reality
Rachel Reeves' Fiscal U-Turn and the Rise of Britain's Stealth Tax State
Britain's fiscal theatrics have reached a predictable crescendo. Rachel Reeves, having spent months insisting Labour would not raise taxes after their election victory, now finds herself eyeing the most regressive stealth tax available: freezing income tax thresholds to drag more workers into higher tax brackets.