UK Freezes Tax Thresholds: Millions Pay More While Top Earners Avoided £3.2B in Tax Evasion
While millions of ordinary Britons face a real-terms tax hike, the FT's selective outrage conveniently disregards the bigger picture. According to HMRC's own 2021-22 report, the UK's 'tax gap' – the difference between tax owed and tax paid – was £36 billion. Of that, £3.2 billion was lost to tax evasion by the wealthiest individuals and corporations. So, instead of plugging the hole where money
actually gushes out, the government opts to nickel-and-dime the very people struggling with inflation. (Curious how that always works out, isn't it?) This isn't just about 'fiscal responsibility'; it's about shifting the burden. The same establishment media that calls this a 'stealth tax' rarely screams about the billions funneled away by those who can afford expensive accountants, or how the UK
government has spent billions aiding distant wars while its own citizens get poorer. One might wonder if the 'experts' condemning this 'tax rise' are simply distracting us from where the real financial drain is.