Wes Streeting stated that the government “can’t fix 14 years in one budget” and that there are numerous decisions that “we will have to make that we’d prefer not to have to” on the Sunday Morning with Trevor Phillips show on News.
This would prevent thresholds from increasing in tandem with inflation, which would force hundreds of thousands of people into higher tax brackets.
The government’s strongest hint was provided by Mr. Streeting, but those standards would be frozen.
He responded to Trevor Phillips’ question on whether income tax thresholds would be frozen by saying, “The chancellor and the entire government are going to do it.
The chancellor is likely to unveil a number of measures in the budget on October 30 and is attempting to raise £40 billion through tax increases and spending reductions.
Under Rishi Sunak’s Conservative government, Mr. Streeting had previously voted against freezing income tax thresholds, but he declared that he would not vote “against anything in the chancellor’s budget.”
