The Tories are likely to go on the attack tomorrow morning on the freezing of the income tax allowance. This isn’t new, of course; it was in the pre-budget report.
However, the personal allowance for anyone under 65 will remain frozen at £6,475. In other words, if you’re income is rising, you will pay – proportionately – more tax.
The Tories will no doubt suggest that this in effect undermines Darling’s claim that there have been no changes to income tax.
| About this blog | Blog guide |
Jim Pickard is the FT's chief political correspondent, having joined the lobby team in January 2008. He has been at the FT since 1999 as a regional correspondent, assistant UK news editor and property correspondent.
Kiran Stacey is an FT political correspondent, having joined the lobby in 2011. He started at the FT as a graduate trainee in 2008, working on desks including UK companies and US equity markets before taking over the FT's Energy Source blog.
FT's latest UK politics & policy news