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Economy · London, United Kingdom ·

UK Budget freezes tax thresholds

Reported by 3 outlets · first reported Oct 29, 9:19 AM ET

Chancellor John Healey's first Budget froze thresholds and added a £100 energy payment. Think tanks warn living standards will stall.

Why it matters

Affects pay, bills and savings.

Background

Healey became chancellor under Prime Minister Andy Burnham.

The story so far

  1. UK inflation rises to 3.5% on higher fuel prices
  2. UK budget to add £1 billion for social and affordable housing
  3. UK Budget due Oct. 28
  4. UK Budget: minimum wage rise, no extra for 18-20s
  5. UK budget: £100 energy payment, bank tax rise, more defense
  6. UK Budget freezes tax thresholds

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Sources

This summary was written automatically from the reporting linked above; follow the sources for the full story. How One Turn works.

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