# The £71bn stealth tax bonanza: Millions of workers dragged into paying more as income thresholds stay frozen

- URL: https://talkfuse.com/story/the-71bn-stealth-tax-bonanza-millions-of-workers-dragged-into-paying-more-as-income-thresholds-stay-frozen/
- Published: 2026-10-30T23:04:37+00:00
- Updated: 2026-10-30T23:11:32+00:00
- Original publisher: Daily Mail (publisher lean: Right)
- Original article: https://www.dailymail.com/news/article-16253821/stealth-tax-bonanza-Millions-workers-dragged-paying-income-thresholds-stay-frozen.html?ns_mchannel=rss&ns_campaign=1490&ito=1490
- Topics: Business, Economy, World

## Key points

- Frozen thresholds are forecast to raise £71 billion by 2030-31.
- Nearly 6.75 million more people are expected to pay income tax.
- The Chancellor kept the freeze in place in the latest Budget.

## Summary

Frozen income tax thresholds are forecast to raise an extra £71 billion for the Treasury by 2030-31, as wage growth pushes more people into paying tax and higher tax bands. The policy, which the Chancellor left unchanged in the latest Budget, is expected to affect millions of workers compared with thresholds that rose with inflation.

Analysis of Office for Budget Responsibility forecasts by the Institute for Fiscal Studies estimates that 6.75 million additional people will pay income tax and 6.03 million more will pay higher or additional rates in 2030-31. The personal allowance remains £12,570, while the basic rate applies up to £50,270 and the higher rate up to £125,140. The IFS says the freeze will increase the share of taxpayers paying higher or additional rates from 15 per cent in 2021-22 to 24 per cent in 2030-31.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.