Rachel Reeves is set to extend the freeze to income tax thresholds at the Winter Budget, despite claiming last year that doing so would amount to a manifesto breach. According to Bloomberg, Reeves had considered going even further by cutting the basic and higher thresholds to help plug her £20 billion black hole. Freezing them for two more years is the gentler option. Everyone dragged into higher tax brackets over the next couple of years should be grateful – it could have been even worse…
Here are Reeves’ exact words from last October, in case she needs reminding:
“I have come to the conclusion that extending the threshold freeze would hurt working people and take more money out of their payslips. I am keeping every single promise on tax that I made in our manifesto, so there will be no extension of the freeze in income tax and national insurance thresholds beyond the decisions by the previous government.”
Not quite ‘every single promise’…
![Boomers Show Up In Force for the 'No Kings' Anti-Trump Protests [WATCH]](https://www.right2024.com/wp-content/uploads/2025/10/Boomers-Show-Up-In-Force-for-the-No-Kings-Anti-Trump-350x250.jpg)
