Households face tax rise of £3,500 by next election, says IFS

It’s an accolade that Rishi Sunak’s government would rather not have been awarded. The Institute of Fiscal studies has said that it will have presided over the biggest set of tax rises since the Second World War.

The think tank said that by the time of the next election in 2024 the spike will be equivalent to around £3,500 more per household.