Comment: Income tax thresholds meant to provide protection against fiscal drag, not used as a tool to raise more revenue

16 November 2025

Reports that the Chancellor has shelved plans to increase income tax in the Budget in favour of lowering and freezing thresholds risks eroding trust in the tax system, warns Shaun Moore, tax and financial planning expert at Quilter. The idea of cutting income tax thresholds is essentially an attempt to pretend that the last...