Hundreds of thousands of “squeezed middle” earners across London and the South-East are set to be dragged into the higher 40 per tax band over the next six years after Jeremy Hunt extended the freeze on thresholds in his Autumn Statement.
Analysis by the Standard suggests that by 2028 more than 900,000 extra employees throughout the region — including key workers such as police officers, teachers and senior nurses — will be paying income tax at a “40p in the pound” rate never designed for them.
