Jeremy Hunt: ‘income tax thresholds to remain frozen if Conservative Party wins general election’

The Chancellor said income tax thresholds will be kept as they are until 2028. It could mean millions of workers will be dragged into higher tax bands.

Chancellor of the Exchequer Jeremy Hunt speaking to an audience as the UK faces frozen income tax thresholds (Photo by Mandel NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)
(Image credit: Getty Images)

Income tax thresholds are set to remain frozen until 2028 if the Conservatives return to power after the general election, Chancellor Jeremy Hunt has confirmed.

Speaking to the Today programme on BBC Radio 4 on Thursday (30 May), Huntsaid “a future Conservative government will not increase income [tax] rates and VAT”. But, when pushed about tax thresholds, he confirmed the current freeze would remain in place. The BBC has reported that Labour will also maintain the existing thresholds.

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Henry Sandercock has spent more than eight years as a journalist covering a wide variety of beats. Having studied for an MA in journalism at the University of Kent, he started his career in the garden of England as a reporter for local TV channel KMTV.

Henry then worked at the BBC for three years as a radio producer - mostly on BBC Radio 2 with Jeremy Vine, but also on major BBC Radio 4 programmes like The World at One, PM and Broadcasting House. Switching to print media, he covered fresh foods for respected magazine The Grocer for two years.

After moving to NationalWorld.com - a national news site run by the publisher of The Scotsman and Yorkshire Post - Henry began reporting on the cost of living crisis, becoming the title’s money editor in early 2023. He covered everything from the energy crisis to scams, and inflation. He also has bylines in MoneyWeek.