How does freezing tax thresholds affect your own tax bill?
26.11.2025 15:29 | The Guardian World
Rachel Reeves is freezing tax thresholds in an attempt to plug the hole in the public accounts. Find out how it affects your tax billBudget 2025 – live updatesThe chancellor, Rachel Reeves, has announced that income tax thresholds will be frozen until the 2030-31 tax year.Freezing tax thresholds results in “fiscal drag” – a phenomenon where people are dragged into higher tax bands when they get pay rises. Continue reading...
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