article_snippet: The Institute for Fiscal Studies (IFS) said higher-rate taxpayers will be £535 worse off in 2017-18 than higher-rate taxpayers would have been had the threshold risen in line with inflation since 2010.
article_snippet: The Institute for Fiscal Studies (IFS) said yesterday that higher-rate taxpayers were feeling the pain from the Coalition's earlier decisions to cut the threshold for paying 40p and then increasing it by less than inflation.
article_snippet: Robert Joyce, a senior research economist at The Institute for Fiscal Studies (IFS), said: 'Higher-rate taxpayers will be £535 worse off because the point at which you start paying 40p income tax has been reduced in real terms significantly over this Parliament.'
article_snippet: David Cameron vowed last year to end the scandal of so-called 'fiscal drag', which has seen millions of people dragged into higher rates of income tax by below-inflation increases to thresholds.
article_snippet: The IFS, the leading independent expert on tax and spending issues in Britain, has estimated that one in four taxpayers could be hit over the coming decade.