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Evening Standard
Evening Standard
World
Nicholas Cecil

550,000 more Londoners to be dragged into paying income tax higher rate due to threshold freeze, warn Lib-Dems

Around 550,000 more Londoners will be dragged into paying the higher rate of income tax under the Chancellor’s current threshold freeze plans, the Liberal Democrats warned on Tuesday.

They published research from the House of Commons Library showing more than half a million more Londoners will pay the 40p rate by 2027/28 due to the freeze on the threshold for paying this levy, compared to if it rose with inflation.

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