Skip to content
Thursday 10 September 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE · FR
MorningWire

European business, markets and politics

FTSE 100
10,607.71
-0.58%
DAX
25,390.58
-0.73%
CAC 40
8,120.45
-0.44%
STOXX 50
6,270.32
-0.65%
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
More
GermanyFranceEU InstitutionsCompetitionPublic AffairsBankingTechnologyEnergy
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
  • DE
Tuesday 15 November 2022 10:00 am  |  Updated:  Monday 14 November 2022 5:29 pm

Explainer-in-brief: Tax rises? Make it someone else’s problem

By: Sascha O'Sullivan

Add as a preferred source on Google
PM Rishi Sunak Holds Meeting Of Newly Formed Cabinet
Jeremy Hunt will deliver the fiscal statement this year. (Photo by Dan Kitwood/Getty Images)

As the Autumn statement looms this week, Rishi Sunak and Jeremy Hunt are trying, desperately, to do anything except break the manifesto promise not to raise income tax. But by freezing income tax thresholds people will wind up paying more anyway, without actually having to break the promise.

Elsewhere, there were suggestions council tax could be pushed up. This will strike a note of fear in local authorities, who will likely take this as a suggestion their budgets are likely to be cut even more.

It would mean the burden would be on them to raise more money for the many of the crucial services they fund – including social care – rather than on the central government.

Hunt promised over the weekend there would be no “rabbits out of the hat” – political code for measures to appeal to the base and make people feel good about the pain of spending cuts and stealth tax hikes. 

Read more

Ask the expert: How do I avoid double tax on my pension?

Marianna Hunt discussing financial strategies at a business conference, wearing a professional suit, engaging with the aud...

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Opinion

Categories

  • Opinion

Trending Articles

  • Tesco and Boots lead 100,000 jobs pledge to tackle Neets crisis

  • Airport chaos latest: Heathrow, London City ‘starting to recover’ after air traffic control failure

  • Hedge fund billionaire Chris Rokos joins UK wealth exodus 

  • Primark sales slip as owner dresses up retailer for demerger

  • Crystal Palace owner Blitzer part of £1bn mega stadium redevelopment

More from Morning Wire

  • Ask the expert: How do I avoid double tax on my pension?

    Personal Finance
    Marianna Hunt discussing financial strategies at a business conference, wearing a professional suit, engaging with the aud...
  • Budget 2026: Which taxes will Burnham and Healey hike?

    Tax
    Andy Burnham, John Healey, and Louise Haigh by a doorway, discussing tax policy for a news article.
  • Stealth taxes intensify London first time buyer struggle

    Property
    Row of classic London terraced houses with white facades and green doors, indicating UK property.
  • Can John Healey deliver Burnham’s make-or-break devolution agenda?

    Economics
    John Healey, in a red tie, speaking with Andy Burnham, wearing glasses and a dark blue jacket, outdoors.
  • Number of parents at edge of £100k tax trap to ‘grow dramatically’ 

    Personal Finance
    Andy Burnham and Tracy Brabin interacting with children at an outdoor event
  • Jim O’Neill: Capital gains tax hike ‘looms’ as top option for Burnham

    Politics
    Jim ONeill in a blue suit and red tie, hands clasped, speaking at a business event.
  • Ask the expert: Can I build a £1m pension by 60?

    Personal Finance
    Marianna Hunt discussing financial strategies at a business conference, wearing a professional suit, engaging with the aud...
  • Jenrick pledges to raise tax-free personal allowance to £15,000

    Politics
    Robert Jenrick speaking at a press conference, addressing current policy issues, wearing a suit and standing behind a podium
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • EU Institutions
  • Europe

Business

  • Markets
  • Business
  • Economy
  • Regulation
  • Competition
  • Public Affairs

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook