US EditionRachel Reeves Budget: 15 Key Measures From Tax Changes to Minimum Wage Rise
The freeze pulls nearly 4 million more taxpayers into higher bands by 2028-29, potentially raising about £42.9 billion annually, the Office for Budget Responsibility estimates.
9 Articles
9 Articles
Budget 2025: Stealth tax raid from Rachel Reeves CONFIRMED as thresholds to remain frozen until 2030
Chancellor Rachel Reeves will keep tax thresholds frozen until at least 2030 in a move considered a stealth tax raid by many economists, according to the leaked assessment of her statement from the Office for Budget Responsibility (OBR)
Budget 2025: What is a freeze on income tax thresholds - and will you pay more?
Chancellors can raise lots more income tax without actually increasing headline rates. The Conservatives began the practice in 2021, Labour have continued it, and are expected to extend it further today. This is how it works.
Budget 2025: Income tax threshold freeze extended
The government has frozen income tax thresholds for a further three years, an early OBR leak ahead of the Budget has revealed. The extension means thresholds, previously frozen until 2028, will now remain the same until the end of the 2030/31 financial year. Known as fiscal drag, the measure is expected to raise an additional £8bn for the government by the end of 2030. Grant Slade, UK economist at Morningstar, said: “The freezing of income tax t…
Rachel Reeves is widely expected to announce a freeze of the income tax threshold in her Budget later.
It'd mean more people will slip into higher bands, even if, in real terms, they're not earning more. Others may find themselves paying it for the first time. Sutton And Cheam’s Lib Dem MP Luke Taylor fears today’s budget will harm small businesses in his constituency. https://audioboom.com/posts/8811567-sutton-and-cheam-s-lib-dem-mp-luke-taylor
Coverage Details
Bias Distribution
- 60% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
