Chancellor Rachel Reeves is reportedly mulling over freezing personal income tax thresholds in the upcoming Budget - and a fresh report has exposed the colossal impact on pensioners, minimum wage earners and those on benefits . These have been maintained at the same level by successive governments since 2021, resulting in millions being ensnared in 'fiscal drag', meaning they're shelling out significantly more tax as a consequence. The thresholds dictate the amount individuals can earn before