Tax Bands Freeze: Millions Face Higher Payments
Update: 2025-12-05
Description
New tax rules set to impact millions, potentially leading to higher payments to HMRC. Rachel Reeves announces tax bands will remain frozen, causing more people to be pushed into higher tax brackets due to inflation. This affects individuals earning around forty thousand pounds and lower earners surpassing the twelve thousand five hundred and seventy pound threshold. Millions of pensioners also expected to be affected, but those relying solely on the state pension will not have to pay tax. Critics argue Labour is misleading the public by effectively raising taxes through this method, while the government maintains it has upheld its promise by not directly increasing tax rates.
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