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Analysis by the Standard suggests that by 2028 more than 900,000 extra employees in the region including key workers such as police officers, teachers and senior nurses will be paying income tax at a 40p in the pound” rate never designed for them.
The Chancellor said that the threshold already frozen by Rishi Sunak until 2026 will now be left at 50,270 until 2028 as part of his measures to put the public finances on a sustainable footing. The 20 per cent basic rate income tax threshold is also frozen at 12,570.
This story is from the November 18, 2022 edition of Evening Standard.
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This story is from the November 18, 2022 edition of Evening Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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