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flag Over 700,000 UK workers now face a 60% effective tax rate due to frozen thresholds and inflation.

flag Over 700,000 UK workers now face a 60% effective tax rate on income between £100,000 and £125,140 due to the phase-out of the personal allowance and unchanged tax thresholds. flag The number has nearly doubled since 2019, driven by inflation and wage growth outpacing frozen tax rules. flag High earners lose both tax relief and government childcare support, reducing take-home pay despite higher gross income. flag Experts and critics call the policy unfair and damaging to incentives, urging a review.

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