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UK Tax Thresholds Frozen Until 2031, Chancellor Announces

3/4/2026

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Summary

Story summary

Chancellor Rachel Reeves, UK Chancellor of the Exchequer, announced in last year's Budget that tax thresholds would be frozen until 2031.
The extension lengthens the freeze by three years beyond the initial plan.
Tax thresholds determine when individuals start paying taxes and when they move into a higher tax rate.
The freeze keeps the timing of tax obligations unchanged through 2031.

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Story summary

Chancellor Rachel Reeves, UK Chancellor of the Exchequer, announced in last year's Budget that tax thresholds would be frozen until 2031.
The extension lengthens the freeze by three years beyond the initial plan.
Tax thresholds determine when individuals start paying taxes and when they move into a higher tax rate.
The freeze keeps the timing of tax obligations unchanged through 2031.