Reeves surprises on personal tax thresholdsposted at 1:49 p.m. Greenwich Mean Time on October 30

1:49 p.m. GMT October 30

Dearbail Jordan
Economic journalist

A real Reeves curve on personal tax thresholds. Under the Conservatives, they were to remain in place until 2028.

We expected her to freeze them for another year, but no. “I came to the conclusion that extending the freeze on the thresholds would harm workers. It would take more money out of their pay slips,” she says.

This means that from 2028-29, “personal tax thresholds will be raised again in line with inflation”.

They have been in place since 2022.