Income tax threshold freeze will hit poorer households harder, experts say

Move will have greater impact on living standards of taxpayers in bottom half of income scale, thinktanks sayUK politics live – latest updatesBusiness live – latest updatesRachel Reeves will punish poorer households more than the better off through the freezing of income tax thresholds announced in Wednesday’s budget, two major thinktanks have said.The Resolution Foundation said the freeze on income tax thresholds for a further three years to 2031 would harm the living standards of taxpayers in the bottom half of the income scale. Continue reading...