Here are the latest updates:
● Working age benefits frozen for 4 years
● Higher rate tax threshold raise to £43,000
● Corporation tax cut cut to 18% in 2020
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The Conservative manifesto pledged to cut the tax by raising the threshold. It is currently paid by those on incomes of over £42,385.
The Daily Telegraph says the threshold rise will save higher earners as much as £1,300 a year.George Osborne had originally announced plans to raise the threshold by the end of the Parliament but appears to be bringing forward his policy. Reuse content