Warning 1.3m more people could pay higher income tax rate after Reeves Budget
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Warning 1.3m more people could pay higher income tax rate after Reeves Budget
"From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging."
"The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.Your support makes all the difference. New research has suggested that 1.3 million more people will be dragged into paying the higher 40p tax rate if Rachel Reeves, as expected, freezes the threshold again."
Independent reporters cover topics from reproductive rights and climate change to Big Tech and political finance investigations, funded by donations so reporting remains free without paywalls. The Independent positions itself as trusted across the political spectrum and asks supporters to pay for journalism to keep content accessible to everyone. New research from the House of Commons library, cited by the Lib Dems, suggests 1.3 million more people would be pulled into the 40p higher tax rate if Chancellor Rachel Reeves freezes income tax thresholds to 2029/30. Reeves is expected to confirm a 550 rise in the state pension, a 2.5% increase, maintaining the triple lock.
Read at www.independent.co.uk
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