Household tax bills to rise on average by £3,000 by 2027, says thinktank

Resolution Foundation says real wages will fall next year as UK is in weakest decade for pay growth since 1930s'

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Boris Johnson's government has set a course for a high-tax, big-state economy" with a budget that will raise household tax bills by 3,000 on average by 2027, according to an analysis by an independent thinktank.

The Resolution Foundation said that despite a spending spree, real wages would fall again next year. The UK is still in the midst of its weakest decade for pay growth since the 1930s," it said.