Posts tagged "Marginal Tax Rates"
Jeremy Hunt
11 March 2024 Analysis

The Budget tax cut nobody’s talking about, and why we need more

Until last week’s Budget, someone earning £50k with three children under 18 faced a marginal tax rate of 71%. That was deeply unfair to those affected, and damaging for the country as a whole. So it’s great news that this marginal rate has been cut to 57% – about 500,000 families will benefit. But other […]
Marginal rates An apology
20 November 2023 Analysis

Marginal rates – an apology

In the last few months we may have given the impression that someone earning £50k, with three children under 18, faced a marginal tax rate of 68%. We may have suggested that this was a disincentive to work, contributed to a shortage of key workers and even held back economic growth. We may have used […]

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