as the #Tories contemplate #taxcuts ahead of the next #election, 'fiscal drag' (the failure to uplift tax thresholds in line with #inflation) mean by 2028 the Resolution Foundation reckons there will have been a £40bn rise in overall #taxation since the freeze on thresholds began in 2021 under the then Chancellor.... #RishiSunak. 

So just to be clear.... the #Tories have effectively raised income tax on most #workers, but want to get rid of #InheritanceTax paid by fewer than 4% of estates...