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Hunt confirms 45% rate of income tax to start at 125,000; tax allowance and threshold being further frozen
Hunt is now summarising those tax changes. They are in line with expectations.
The threshold for the top rate of income tax, 45%, will come down from £150,000 to £125,000.
Allowances and thresholds for income tax, national insurance and inheritance tax will be frozen for a further two years, going up to April 2028.
Hunt says, even with this…
