Millions of savers face being caught by a record £9.1 billion tax bill on their bank interest as Labour’s higher savings tax rates collide with frozen tax thresholds. The amount collected by the Treasury from savings interest is expected to climb from £8.2 billion this tax year to £9.1 billion in 2027-28, according to analysis … Continue reading Labour savings tax raid set to hit record £9.1bn as millions dragged into net