Overview

• The Chancellor said she could not guarantee she will avoid extending the freeze on income tax thresholds beyond 2028 during a BBC Breakfast interview.
• Pressed on VAT, she declined categorical assurances and reiterated only that "the manifesto stands."
• The Autumn Budget is set for November 26, 2025, with expectations of difficult revenue and spending choices to be detailed then.
• Income tax thresholds have been fixed since 2021, including the £12,570 personal allowance and the £50,271 higher-rate trigger, drawing more earners into higher bands.
• The Institute for Fiscal Studies projects that by 2027–28 more than one in eight nurses and one in four teachers could be higher‑rate taxpayers if thresholds fail to keep pace with wages.