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The Freeze Decade: How Standing Still Became a Tax Rise
Published 1 week, 4 days ago
Description
Britain's income tax allowances are frozen until 2031, and the result is a decade of fiscal drag, quietly pulling millions of workers into higher tax bands while the government insists taxes are not rising. This episode explains how Healey's roughly 10 to 15 billion pounds of fiscal headroom depends on the freeze, and why fuel duty on top of tax plus an energy price cap above 2,000 pounds are squeezing household budgets at the same time.