Office for Budget Responsibility says further 1m will be pushed into higher rate taxation as result of 2021 budget
An extra 1.3 million people will have to start paying income tax – and a further million will be pushed into higher rate taxation – over the next five years, according to the Office for Budget Responsibility.
In his budget on Wednesday, the chancellor, Rishi Sunak, said the thresholds at which the tax starts being paid will be frozen until 2026 after a small rise on 6 April.
