Hard-pressed families and firms paid an extra £29.6 BILLION in taxes during Labour's first year in power thanks to frozen income tax thresholds and hike in stamp duty on second homes
- Posted on June 18, 2026
- By Daily Mail
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- 1 min read
Hard-pressed families and firms paid an extra £29.6 BILLION in taxes during Labour's first year in power thanks to frozen income tax thresholds and hike in stamp duty on second homes
Official figures have shown that central government taxation revenue reached a staggering £863.6billion in 2024-25, up by 3.5 per cent on the previous year.
