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Will you pay more tax? Income threshold changes explained

Posted

November 14, 2025

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As the Budget approaches, Rachel Reeves appears to be pulling back from a headline-grabbing income tax rise, but could other tax changes hit millions instead?

Shelagh Fogarty speaks to Natasha Clark, LBC’s Political Editor, about the shifting messages, political tension, and whether Labour is preparing a 'backdoor' tax rise through frozen or lowered thresholds.

Then Rachael Henry, Head of Advocacy at IPPR, joins the conversation to explain the impact of the OBR’s productivity downgrade, the true size of the fiscal gap, and which tax reforms (CGT, wealth taxes, property tax, council tax bands) could actually raise revenue without squeezing low-income households.

Listen to the full show on the allnew LBC App

#shelaghfogarty #budget #budget2025 #labourbudget #labour #labourparty #rachelreeves #chancellor #natashaclark #ukpolitics #politics #taxrise #incometax #economy #economicanalysis #labourgovernment #LBC

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Guests & Subjects Covered

Rachel ReevesShelagh FogartyThen Rachael Henry HeadIntro BudgetAndrew MarrNatasha ClarkUber VATRachael Henry IPPR

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