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MP Says South West Workers Face Higher-Rate Tax as Thresholds Remain Frozen

The freeze is expected to raise as much as £55 billion a year by 2030 as wage and pension rises push more people into tax.

Tiverton and Minehead MP Rachel Gilmour warns 40,000 more South West residents could be pushed into the 40p income tax band.

10 Articles

Lean Left

The first budget of the UK Chancellor of the Exchequer, John Healy, has drawn criticism for its new taxes, weak growth forecast and expected decline in living standards. The plan, presented on 28 October, aims to raise tax revenues by 7 billion pounds a year, while the economy is expected to grow by just 1% in 2027. The Office for Budget Responsibility has warned that real disposable income per person in a household will be 420 pounds lower than…

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Bias Distribution

  • 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Left

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This Is Money broke the news in London, United Kingdom on Wednesday, October 28, 2026.
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