IFS: Richest to be hit hardest by tax changes in April

The respected economic think tank, the Institute of Fiscal Studies, have released a sneak preview of their annual ‘Green Budget’, to be launched on Wednesday. What we know so far is that the IFS are saying that tax changes to be brought in in April will cost the richest tenth of households typically 3 per cent of their income, compared to 1 per cent for the general population.