According to the Daily Mail, shadow chancellor Rachel Reeves intends to freeze income tax thresholds for six years instead of uprating them with inflation, a move expected to raise about £7 billion a year towards plugging a £50 billion hole in public finances:contentReference[oaicite:4]{index=4}.

Freezing the personal allowance and higher‑rate thresholds would push many workers into higher tax bands even if their real pay does not rise.

The newspaper says the plan has been dubbed a “stealth tax raid” because it raises revenue without increasing nominal tax rates.

Labour argues the measure is necessary to fund public services and reduce debt.