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National Insurance Thresholds Frozen in 2025 Budget, but Many Will Pay More
Chancellor Rachel Reeves extends income tax threshold freeze and introduces cost reliefs including frozen rail fares and increased electric vehicle subsidies to ease living costs.
- Chancellor Rachel Reeves is poised to present her Budget around 12.30pm on Wednesday, 26 November, reportedly abandoning a large income tax rise for an extension of the threshold freeze.
- Revenue strategy centres on threshold freezes to use fiscal drag, addressing the public funds deficit and potentially generating 8.3 billion annually by 2029/30 if National Insurance thresholds also freeze.
- Cost‑of‑living measures pair fare and prescription freezes with targeted green transport support, freezing rail fares to save commuters over 300 a year, while NHS prescriptions stay at 9.90 and electric vehicle buyers receive a 1.3 billion grant plus 200 million for charging points.
- Social reforms and fraud recovery measures are paired to offset Budget costs and target support, with the targeted case review scheme expected to raise 1.2 billion by March 2031.
- Reeves may cap salary sacrifice at 2,000 a year and cut the cash ISA limit from 20,000 to 12,000 to encourage UK stock market investment.
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Evening Standard+3 Reposted by 3 other sources
Reeves hammers London in £26billion tax grab hitting homeowners, renters and workers
Middle income workers, renters and the owners of expensive homes will be hit with tax hikes, but the poorest families and low paid employees got a Budget boost
·London, United Kingdom
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Coverage Details
Total News Sources22
Leaning Left5Leaning Right2Center11Last UpdatedBias Distribution61% Center
Bias Distribution
- 61% of the sources are Center
61% Center
L 28%
C 61%
11%
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