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Budget Freeze Hits Taxpayers, Sparks Criticism of Tax Increases

11/27/2025

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Summary

Story summary

Chancellor of the Exchequer Rachel Reeves announced a budget freezing income tax thresholds.
The Resolution Foundation says the freeze harms low- and middle-income earners, with basic-rate taxpayers paying £220 more and higher-rate taxpayers £600 more.
Prime Minister Sir Keir Starmer says the budget funds the NHS and education and lifts the two-child cap.
Critics say the plan breaches commitments not to raise taxes on working people.

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Story summary

Chancellor of the Exchequer Rachel Reeves announced a budget freezing income tax thresholds.
The Resolution Foundation says the freeze harms low- and middle-income earners, with basic-rate taxpayers paying £220 more and higher-rate taxpayers £600 more.
Prime Minister Sir Keir Starmer says the budget funds the NHS and education and lifts the two-child cap.
Critics say the plan breaches commitments not to raise taxes on working people.