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Chancellor freezes tax thresholds in Autumn statement
The threshold at which the 45p rate on income tax becomes payable will be reduced from ยฃ150,000 to ยฃ125,140, meaning those earning over ยฃ150,000 will now pay an extra ยฃ1,200 a year
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Chancellor Jeremy Hunt has announced a raft of measures to help โstabiliseโ the UK economy and reduce inflation, with tax cuts and spending cuts totalling ยฃ55bn in the Autumn statement.
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