Autumn Statement: Tax thresholds stay put, savers hurt

UK savers needed to see harder commitment to tackling the issue we're seeing of more people paying higher taxes on their savings on account of interest rates rising while tax thresholds stay put, says Flagstone. “Specifically, we need to see the Treasury raise the threshold on the Personal Savings Allowance (PSA) - for the first time since its introduction nearly eight years ago - to keep more hardworking savers from paying taxes on their hard-fought savings.