Voters expect to be paying more tax after the election than they do now despite Jeremy Hunt's cut to national insuranceas they were during the height of the pandemic, a new poll has revealed – while voters expect to be paying more tax after the next election despite cuts to national insurance.
But those aged 18 to 34 are particularly pessimistic, with an optimism figure of -50. That is close to the average in 2020, when the Covid-19 pandemic was raging and the economy suffered its Keiran Pedley of Ipsos said: “While the public mood is negative in general, it is more negative among some groups than others. While it is common for women to be more cautious about the country’s economic prospects than men, it is striking just how pessimistic young women were last year and how the levels of pessimism seen last year match the height of the Covid-19 pandemic in 2020.”
But thanks to multi-year freezes in the threshold at which people start paying the basic, higher and additional rates of income tax, the overall tax burden is still heading for a postwar high.