According to the Financial Times, Rachel Reeves is considering extending the freeze on income tax limits beyond 2028/29. The UK economy experienced a modest growth of 0.1% in late 2024, leading to concerns about a possible recession. The Institute for Fiscal Studies has highlighted that freezing income tax limits could result in generating £4 billion annually. Reeves has confirmed her commitment to no further tax increases, underscoring her position on tax policy.