HMRC reveals fiscal drag to push 35,000 more families into the Child Benefit tax charge ... "Together with the rising HICBC caseload, this lack of data shows how fiscal drag is reshaping support for parents.
Millions of workers will find themselves worse off by 2030 as Labour's tax policy 'quietly hammers' workers yet leaves benefits claimants and pensioners richer, a think tank has warned ....
This has created a colossal tax raid through a phenomenon known as fiscal drag ... You can work out how much fiscal drag has cost you using our calculator below ... How our fiscal drag calculator works.