Chancellor confirms freezing of tax thresholds

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Rachel Reeves says she is "asking everyone to make a contribution" by freezing tax thresholds. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

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00:00Madam Deputy Speaker, to break the cycle of austerity we need a fair and a

00:05sustainable tax system, one that generates revenues to fund the public

00:09services that we all use, and supports investment to grow our economy. That does

00:16mean that today I am asking everyone to make a contribution.

00:21The previous Conservative Government froze personal tax

00:30thresholds from 2021 to 2028, and today I will maintain all income tax and

00:38equivalent national insurance thresholds at their current level for a further

00:42three years from 2028, while ensuring that people

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