Prime Minister Sir Keir Starmer has warned of a 'painful' autumn budget - use our income tax calculator to find out how much you should be taking home before the expected tax rises.
Speaking outside Downing Street on Tuesday, Sir Keir said: "I will be honest with you, there is a budget coming in October and it's going to be painful. "Just as when I responded to the riots, I'll have to turn to the country and make big asks of you to accept short-term pain for long-term good.
The difficult trade-off for the genuine solution." While he did not explicitly announce tax rises, many experts have argued that Labour will have to recoup more cash from British taxpayers to fill what they say is a £22 billion 'black hole' in the public finances the party inherited from the former Tory Government. Use our income tax calculator below to see how much you should be taking home based on your income before the expected tax hike. The PM said 'things are worse than we ever imagined' because of the £22 billion 'hole' in the public finances, and said he found out in recent weeks that the Tories had borrowed almost £5 billion more than the Office for Budget Responsibility expected.
Sir Keir has insisted things will improve by the next election as he sought to “inject some hope” after Tuesday’s warnings of more pain to come.
Read more on manchestereveningnews.co.uk
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