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Budget 2024: Reeves considers income tax threshold freeze

Source: BBC

An announcement in the upcoming budget of a continued freeze on income tax thresholds beyond 2028 would not constitute a breach of Labour's election manifesto promise, government sources have insisted.In the run-up to June's general election, both leader Sir Keir Starmer and the soon-to-be Chancellor Rachel Reeves pledged to "not increase taxes on working people".But a threshold freeze could allow the chancellor…

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