Freezing income tax thresholds will hold back income growth

Cumulative growth in real median

earnings since 2019-20

Before tax

After tax

6%

5.2%

5

4

3

2

1.6%

2%

1

0.3%

0

2019-20

21-22

23-24

25-26

27-28

Cumulative growth in real median earnings since 2019-20

Before tax

After tax

6%

5.2%

5

4

3

2

2%

1.6%

1

0.3%

0

2019-20

2021-22

2023-24

2025-26

2027-28