{"id":272852,"date":"2025-11-20T04:02:09","date_gmt":"2025-11-20T04:02:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/272852\/"},"modified":"2025-11-20T04:02:09","modified_gmt":"2025-11-20T04:02:09","slug":"uk-middle-class-fears-tax-hikes-as-labour-prepares-new-budget-channel-4-news","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/272852\/","title":{"rendered":"UK middle class fears tax hikes as Labour prepares new budget \u2013 Channel 4 News"},"content":{"rendered":"<p>Inflation coming down in the UK is welcome news for the government, ahead of next week\u2019s budget.<\/p>\n<p>But since inflation picked up, the UK government has frozen personal tax allowances.<\/p>\n<p>That means more and more people have been fiscally dragged into the higher rate, netting billions for the government.<\/p>\n<p>When Labour came in, the Chancellor announced it would end.<\/p>\n<p>Now, it looks like they will extend the freeze in the budget to raise funds, with a renewed focus on people with the broadest shoulders.<\/p>\n<p>Except, after years of inflation, low economic growth and wage compression, even the normally well-heeled English middle classes feel financially stretched.<\/p>\n","protected":false},"excerpt":{"rendered":"Inflation coming down in the UK is welcome news for the government, ahead of next week\u2019s budget. But&hellip;\n","protected":false},"author":2,"featured_media":272853,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":{"0":"post-272852","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-uk","11":"tag-united-kingdom","12":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/272852","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=272852"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/272852\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/272853"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=272852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=272852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=272852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}