Workers in Norfolk and Suffolk may lose over £500 in real income by 2030 due to frozen tax thresholds, despite wage increases.

Workers in Norfolk and Suffolk may see a drop of more than £500 in real-term post-tax income by 2030, despite rising wages, due to frozen income tax and national insurance thresholds until 2031, causing fiscal drag that pushes millions into higher tax brackets. While pensioners may gain up to £537 per year and benefit claimants receive a £290 increase, critics argue that the budget shifts the burden to working families, with business leaders warning of job losses. The Treasury cites national living wage increases, lower energy bills, and frozen fuel and rail fares as offsets.