Reposted by Martin Elliott
UK Chancellor can easily increase income tax personal allowance by £3,000 a year.
It will boost basic rate taxpayers by £600 a year. Millions will be helped. Benefit to higher rate taxpayers can be clawed back.
The cost of £30bn can be met by ending bank subsidies, £100bn over the last 3 years.
leftfootforward.org
This is how the Chancellor can increase the personal allowance and lift millions out of hardship
Sustained economic growth can’t be achieved without a major boost to the purchasing power of the bottom 50% of the population