A million Brits face being dragged into higher tax rates if Rachel Reeves breaks her vow to end the freeze on thresholds.
Fears are mounting that the Chancellor will opt to extend the long-running stealth raid, as she faces an estimated £30billion hole in the government books.
The policy, in place since 2022, is due to end in 2028-29. By that point it will have dragged an extra 4.2million people into the tax system as wages rise.
There will be 3.5million more taxpayers in the higher-rate band, and 600,000 in the top rate.
However, keeping the freeze in place for another two years could bring in an extra £10billion annually for the Treasury according to the IFS think-tank - significantly easing Ms Reeves' problems.
