How to relieve worst of Reeves' Budget squeeze

BREAKING THE BANK Britain feels pinch of Chancellor's policies

- Edited by HARVEY JONES

BREAKING THE BANK Britain feels pinch of Chancellor's policies

November’s Budget remains a painful memory but the real agony is still to come, with a string of tax hikes hitting Britons in April.

Thanks to a combination of the ongoing freeze on income tax thresholds, and measures introduced by Chancellor Rachel Reeves last month, taxpayers will find themselves paying extra in five different ways.

They may even hand over more to HMRC even if they aren't earning a penny extra, said Sarah Coles, head of personal finance at Hargreaves Lansdown: "The good news is that you can fight these tax hikes, and getting started early will give you the best possible chance of avoiding some of the pain that 2026 holds in store."