Income tax thresholds: How the chancellor just took a chunk out of your future pay

Lucy HookerBusiness reporterGetty Images/ljubaphotoThere was no rise in the rate of income tax. Still, the Budget is likely to push up your tax bill before the end of this parliament.That's because the chancellor has opted to freeze tax thresholds - the point at which you start to pay tax, and the point where you tip into paying a higher rate of tax - for another three years.This is often dubbed a stealth tax…