Story perspectives

Taxpayers Urge Healey to Unfreeze £12,570 Allowance

By Drooid · Sep 16, 2026, 12:04 PM UTC · How we work

Summary

Story summary

Chancellor John Healey will present his first Autumn Budget on 28 October 2026.
Taxpayers are urging Healey to lift the five-year freeze on the £12,570 personal allowance.
A Pension Bee survey found seven in ten taxpayers want the personal allowance unfrozen.
The British Chambers of Commerce proposes replacing the state pension triple lock with inflation-linked increases, saving £3.3 billion over two years.

History

Historical Context

In May 2010 George Osborne took office as chancellor and began a five-year austerity plan, introducing a spending review and raising the income-tax personal allowance to £11,000. The Office for Budget Responsibility halved its growth forecast to 0.6%, highlighting the fiscal strain. Labour chancellor John Healey now confronts voter pressure to lift the allowance limit.

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Story summary

Chancellor John Healey will present his first Autumn Budget on 28 October 2026.
Taxpayers are urging Healey to lift the five-year freeze on the £12,570 personal allowance.
A Pension Bee survey found seven in ten taxpayers want the personal allowance unfrozen.
The British Chambers of Commerce proposes replacing the state pension triple lock with inflation-linked increases, saving £3.3 billion over two years.

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