Tag: tax threshold freezes

Reeves Unveils Billions in Tax Hikes in Budget 2025 Amid Manifesto Backtrack

Chancellor Rachel Reeves unveiled a £28bn tax hike plan in Budget 2025, freezing income thresholds and slashing ISA allowances, while scrapping the two-child benefit cap — a move critics call a betrayal of Labour’s manifesto promises.

• Nov, 26 2025
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