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Chancellor Rachel Reeves delivered the Labour Party government's Autumn Budget yesterday (Wednesday, November 26), in which she announced a three-year personal allowance freeze.

According to a new analysis, this is set to make 10 million pensioners taxpayers.

The extension of the freeze on income tax thresholds will last for another three years beyond 2028, with the so-called stealth tax expected to raise £8.3bn a year.

READ MORE: How the Autumn Budget will affect State Pensioners from April 2026

It will mean income tax thresholds do not increase with inflation, meaning more people will fall into higher bands when they receive pay rises.

Yet, thresholds will stay the same for the 2028-29, 2029-30 and 2030-31 financial years.

This will lead to an estimated 920,000 extra h

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