The tax-free Personal Allowance will be frozen again for another three years, all the way until 2031.

That will mean it's been stuck at the same level for a decade, after it was first frozen in 2021. The end result is that because of ‘fiscal drag’ , more and more people are going to end up paying more and more tax on their earnings, as wages increase to as a counter to inflation, and more people earn money that becomes subject to income tax in frozen brackets.

The Personal Allowance is the amount of money you can earn before you start paying tax and it remains at £12,570, which it’s set to stay at until 2028 at the earliest. That means everything you earn above that is taxed at 20%, or 40% on earnings above £50,270 for a higher rate taxpayer and 45% on earnings above £125,000 for

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