Budget 2024: How major tax update affects you if you earn £20,000, £30,000 or £40,000

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Millions of workers will still pay thousands of pounds more in tax - despite Rachel Reeves confirming she won’t extend a freeze on tax thresholds. The Chancellor was widely reported to be considering extending the current freeze on tax thresholds by a further two years, from 2028 until 2030. But in a surprise Budget move, Rachel Reeves confirmed she has decided against this. Tax thresholds typically rise in line with inflation, but they have remained frozen since 2021. When the tax thresholds

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