All basic rate taxpayers are to be offered an income tax cut worth at least £140 in this summer’s emergency Budget, The Daily Telegraph can disclose.
The tax-free personal allowance will be raised by at least £700 to more than £7,000 under plans by the Liberal-Conservative coalition — a move that will benefit an estimated 25 million lower-paid workers and pensioners.
Anyone earning more than £35,400 will be worse off due to the planned rise in National Insurance contributions.
http://www.telegraph.co.uk/news/newstopics/politics/7721618/Coalition-government-tax-cuts-of-140-for-workers-on-basic-rate.htmlTory bastards
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