A campaign pushing for an increase in the income tax threshold is gaining traction as it approaches a significant milestone. There have been escalating calls for Chancellor Rachel Reeves to adjust the personal tax allowance limit for the lowest earners in the Autumn Budget on 26 November.
Fears are mounting that millions more individuals, many of whom are the country's lowest earners, have been ensnared in paying tax due to 'fiscal drag'. This is a result of the lowest income tax threshold being frozen at £12,570 since 2021, while inflation, which affects wages, has been skyrocketing.
This implies that some of the least well-paid workers face taxation as soon as their earnings exceed that figure - and because it has remained unchanged, inflation and wage increases mean that millions more