
In the News
@itn
The UK government is considering extending its freeze on income‑tax thresholds, a move that would raise additional revenue without increasing the actual tax rates.
Think‑tanks estimate that maintaining the freeze until 2030 could raise an extra £8.3 billion annually.
While supporters argue this “fiscal drag” helps plug budget gaps without overt tax hikes, critics warn it effectively raises taxes on many, especially lower‑paid workers, and call it unfair.
The decision raises key questions about balancing public service funding with keeping tax burdens reasonable.
Do you support extending the freeze?
Sign in to save your activity and join forum discussions.
Sign in