Budget 25: Employer NI contributions thresholds frozen for three years

The chancellor extended the allowances and threshold freezes in income tax and NI contributions to the end of the forecast period. This means the majority will have been frozen for most of the 2020s. Speaking in the House of Commons today (26 November), after the premature release of the information by the Office for Budget Responsibility (OBR), Reeves said: "We need a fair and sustainable tax system, one that supports investment to grow our economy. The previous conservative government froze personal tax thresholds and today I will increase the freeze for a further three years from 2028...