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Tax Freeze Could Burden 10 Million Middle-Income Earners

8/9/2025

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Summary

Story summary

Chancellor Rachel Reeves is considering extending the freeze on income tax thresholds until 2030, a move that could hit middle-income earners, including teachers and nurses, hard. With wages rising but thresholds remaining stagnant, experts warn this could push the number of higher-rate taxpayers to a staggering 10 million, leading to a major public finance crisis.

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Story summary

Chancellor Rachel Reeves is considering extending the freeze on income tax thresholds until 2030, a move that could hit middle-income earners, including teachers and nurses, hard. With wages rising but thresholds remaining stagnant, experts warn this could push the number of higher-rate taxpayers to a staggering 10 million, leading to a major public finance crisis.