Six-year income tax threshold squeeze to last until 2028, says UK chancellor

The chancellor, Jeremy Hunt, outside the BBC in London on Thursday morning. Photograph: Tayfun Salcı/Zuma Press Wire/Rex/Shutterstock

Jeremy Hunt has confirmed the six-year income tax threshold freeze, which drags millions into paying higher rates, will last until 2028.

The chancellor’s comments on what has been Britain’s biggest tax rise on incomes in at least 50 years give space for Labour to follow suit, meaning that taxes are likely to go up no matter who wins the election.