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    UK households will be £891 a year worse off due to new tax changes.

    Struggling families will lose thousands of pounds in the new financial year

    while Government tax reforms save 13,000 millionaires an average of £100,000,

    Among a raft of changes coming into effect today are the largest rise in the

    personal allowance, which means that no one pays any tax until they earn more

    than £9,440, and a fall in the higher rate threshold to £41,450.

    But a one earner family with children will be £4,000 worse off on average in

    the next 12 months under changes introduced since the Coalition took power

    , according to Opposition analysis of figures published by the independent Institute

    for Fiscal Studies (IFS).

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