Income tax: Healey’s budget leaves thresholds frozen again. How much more will you pay?
Tax policy means freezes reduce take-home pay as earnings rise in line with inflation Income tax thresholds are set to remain frozen after John Healey’s first budget as chancellor.
Key points
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- One of the biggest tax rises in recent years has happened without a change in the rates at which people are taxed on their incomes.
Instead it has come from successive government decisions to keep the thresholds associated with the tax at the same level each year, regardless of inflation.
Changes announced by Chancellor John Healey in his first Budget will affect your finances directly.
How this summary was made: extractive summary — built from the sources' own reporting. It is drawn only from the reporting of the sources listed below — read the originals for full detail. How we summarize →
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Every article behind this summary — 3 articles from 3 outlets
The Guardian BusinessOctober 28, 2026, 3:01 PM UTC →
BBC BusinessOctober 28, 2026, 2:50 PM UTC →
The VergeOctober 28, 2026, 1:26 PM UTC →
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