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Oral question asked in the House of Commons, by Lord Bruce of Bennachie (Liberal Democrat). It was answered by David Gauke (Conservative) on Tuesday, 13 July 2010 on behalf of the Treasury.


Income Tax

Question
What plans he has for future changes to income tax arrangements.
Answer

In the Budget, the Government announced a £1,000 increase in personal allowances for under-65s. We estimate that 23 million basic rate taxpayers will gain by up to £170 per year from this measure, and that 880,000 will be taken out of tax altogether. This is the first step towards our long-term objective to raise the personal allowance to £10,000.


Secondary information

Type
Oral question
Reference
7698 
513 c782 
Session
2010-12
Oral question type
Lead
Chamber / Committee
House of Commons chamber
Subjects
Income tax
Link
View this Oral question on www.publications.parliament.uk