Three million workers to get £1,400 a YEAR pay rise in Budget as Rachel Reeves hikes National Living Wage …C0NTINUE READING HERE >>>
By Adele Cooke, Senior Consumer Reporter
Income tax
Experts suggest that Rachel Reeves could extend the “stealth” freeze on income tax thresholds for another two years.
The personal allowance, which is the amount that people can earn before they need to pay income tax, is frozen until 2028 but the Chancellor could extend it in next week’s Budget.
As worker’s wages rise in line with inflation this could drag thousands of people into higher tax brackets through fiscal drag.
Government…
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