Raise £12bn in budget by extending income tax thresholds freeze, says thinktank

Fabian Society says move ‘best available option’ for chancellor as she seeks to offset impact of weaker economic forecastsThe influential Labour thinktank the Fabian Society is urging Rachel Reeves to raise £12bn in next month’s budget by extending the freeze on income tax thresholds for another two years.Joe Dromey, the Fabians’ general secretary, argues in a new report that the move is the “best available option” for the chancellor as she seeks to offset the impact of weaker economic forecasts in her 26 November statement. Continue reading...