Jeremy Corbyn slams Labour’s Budget as he issues tax warning | News

Jeremy Corbyn accused Rachel Reeves of not going far enough in her budget to tax high earners.

The chancellor has announced an extension of the freeze on income tax thresholds, meaning more earners will soon be made to pay extra tax “in secret”.

The decision in this Budget to freeze tax thresholds from 2028/29 to help plug a £20bn black hole in the public finances will raise £8bn in 2029-30 and push one in four workers into the top tax band. 780 thousand more people will pay taxes for the first time.

“What Rachel Reeves created was higher taxes on the lowest earners,” the former Labor leader said.