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"UK Workers to Face Higher Taxes with Freeze Extension"
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"UK Workers to Face Higher Taxes with Freeze Extension"
Millions of workers are set to face higher tax payments as Rachel Reeves announced an extension of the freeze on tax thresholds. Originally planned to remain unchanged until April 2028, the income tax personal allowance of £12,570 will now be frozen for an additional three years, lasting until the end of the 2030/31 financial year. This decision, revealed in advance documents from the Office for Budget Responsibility, goes beyond earlier expecta…
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