Labour update over tax change for anyone who has an income in this range | Lancs Live

Contributing sentiments towards policy:

59% : The Government is set to abolish the two-child cap on benefits, which currently restricts the additional amounts you can receive through Universal Credit and Child Tax Credits to your first two children.
54% : Chancellor Rachel Reeves unveiled several tax increases in her Autumn Budget.
54% : This change will come into effect at the start of the new tax year on April 6, 2026. From April 1 next year, the National Living Wage will see an increase.
52% : He also noted that the tax rises being implemented were "concentrated on the highest income households".
51% : The Government has issued an update regarding who will be impacted by proposed tax rises.
51% : Labour had previously pledged to unfreeze the tax thresholds from April 2028.
49% : He explained that this analysis demonstrated "the impact of Government tax, welfare and public service spending decisions from Autumn Budget 2024 onwards are progressive and benefit households in the lowest income deciles the most".
48% : Any contributions above this threshold will be subject to the tax.
40% : Following the announcement of these new measures, Conservative MP Wendy Morton questioned the Government if it had any estimates for how much average tax bills would go up households earning between £25,000 and £50,000.
35% : The Chancellor also confirmed that personal allowances and income tax thresholds would stay frozen at current rates beyond 2028, resulting in higher tax bills as people's income increases.

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