Six-year income tax threshold squeeze to last until 2028, says UK chancellor

Six-year income tax threshold squeeze to last until 2028, says UK chancellor

Jeremy Hunt clashes with BBC presenter over linking increased mortgage rates to Liz Truss mini-budget

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Jeremy Hunt has confirmed the six-year income tax threshold freeze, which drags millions into paying higher rates, will last until 2028.

The chancellor’s comments on what has been Britain’s biggest tax rise on incomes in at least 50 years give space for Labour to follow suit, meaning that taxes are likely to go up no matter who wins the election.

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