Starmer refuses to rule out freeze on income tax thresholds in Budget

"From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging."

"Sir Keir Starmer has refused to rule out a freeze on income tax thresholds in next week's Budget, as Labour struggles to fill a multi-billion-pound black hole in the nation's finances. As the government scrambles to find the money from other sources, the prime minister did not rule out forcing many to pay more by continuing to freeze the point at which a higher rate kicks in the so-called fiscal drag."

"The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.Your support makes all the difference. Sir Keir Starmer has refused to rule out a freeze on income tax thresholds in next week's Budget, as Labour struggles to fill a multi-billion-pound"

Coverage spans reproductive rights, climate change and Big Tech, including investigations into Elon Musk's pro-Trump PAC and the documentary 'The A Word' about American women fighting for reproductive rights. Journalism is offered without paywalls and funded by donations. Sir Keir Starmer refused to rule out freezing income tax thresholds in next week's Budget as Labour seeks to fill a multibillion-pound hole in public finances. Freezing thresholds would raise tax liabilities through fiscal drag and could breach manifesto promises. Leading economists warned the move might not calm markets. Chancellor Rachel Reeves has U-turned on planned broader income tax increases and faces pressure to raise taxes or amend borrowing rules.

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