'Stuck in my craw!' Tax expert exposes staggering cost of annual asylum bill for the average Briton

A new paper recently found that the average household in the UK will pay £1.3million in tax over their lifetime.

Appearing astounded, Martin commented that the "numbers stuck in his craw", comparing £1.3million in tax to a lottery win.

Discussing the findings, Mr Yarwood ran Martin through the different ways the sizeable sum could be interpreted in public spending.

Almost £600,000 of the sum comes from income tax, which is the very levy that Britons fear will be raised at the upcoming Budget.

However, Mr Yarwood added that the calculations were from figures sourced from a few years back. As a result, the data fails to take into account the tax raids that the Chancellor pursued last October.

The various tax hikes that Rachel Reeves amounted to about £40billion.

As a result, with the figure of £1.3million in tow, he estimated that it would take 2.1million households' lifetime taxes to pay off the national debt.

Meanwhile, it would take more than 4,000 lifetime tax households' lifetime taxes to pay our yearly asylum system bill cost.

And, finally, it would take over 11,000 households lifetime taxes to pay our annual foreign aid budget every single year, Mr Yarwood claimed.

"I think that this we're now talking about this in the context of what Reeves said today that we all need to contribute a little bit more.

"That we all need to add more to the pot. Well, actually, British taxpayers already are - £1.3million."

"It's a decent amount of chunk of change over your lifetime."

The data gurus at the Taxpayers' Alliance further found that the bottom 20 per cent of taxpayers are spending 17 per cent more in the overall lifetime tax bill than they were in 2021/22.

Taxes have once again been thrown into the limelight as Rachel Reeves and her Downing Street allies refuse to rule out tax rises in the next Budget.

On Tuesday morning, Ms Reeves delivered a speech in the heart of Westminster to prepare the ground for her upcoming Budget.

So far, the Chancellor and Sir Keir Starmer have refused to rule out tax raids with Ms Reeves saying she will make "necessary choices".

As the Labour MP delivered an unprecedented speech ahead of the Budget, top Tory Mel Stride dubbed it an "emergency speech from a chancellor panicking about the speculation she has fuelled".

The Liberal Democrat's Daisy Cooper brushed off the entire press briefing as "pointless".

The Budget will be delivered on November 26.

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