Healey Keeps Income Tax Thresholds Frozen and Plans Higher Taxes in First Budget

Chancellor John Healey kept income tax thresholds frozen in his first budget, delivered to parliament on 28 October 2026. Thresholds, the income levels where tax rates start, have been frozen since April 2022, and the freeze continues. Healey said he would raise taxes on banks, gambling, and income for savers and landlords.