Ten Things You Need to Know Today: 7 January 2022

The Week’s daily digest of the news agenda, published at 8am

1. Tax freeze to put 1m in higher rate

More than a million people will be pushed into the higher rate tax band by 2026, according to analysis by the House of Commons Library. The Treasury’s plan to freeze income tax thresholds will push more than 1.2m workers’ earnings above the 40% income tax threshold in the next four years. The prediction comes at a time of rapid wage and price inflation, with economists warning that Britain is facing the biggest cost of living crisis for a generation.

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