Cameron May Raise Tax Allowance to £10,500 So You Like Him More

By Gary Cutlack on at

"What a horrible man," people say, unless he hands us all a nice tax break, in which case have all of our votes, Dave. That's how David Cameron thinks you think anyway, with the PM and chum George Osborne said to be planning to announce a significant rise in the basic tax allowance so we forget about the bad things and vote him in again.

The rise, if it comes, won't kick in until 2015, as the personal tax allowance for the 2014/15 tax year is already scheduled to rise to £10,000 for everyone. According to the Guardian, Ray Alan and Lord Charles could announce this future boost in the personal allowance to either £10,500 or £10,750 in the Budget on March 19th. [Guardian]