Budget 2012: For the many, not the few

“the biggest ever single uplift in the tax threshold”

The massive £3.5bn tax cut for working people delivers:

  • The biggest ever single uplift in the tax threshold
  • A personal allowance of £9,205 in April 2013
  • 21 million working people getting an extra £220 tax cut
  • Brings the total tax cut for basic rate tax payers to £550
  • Brings the total number of people lifted out of tax to 2 million.

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