Budget 2018: Hammond to hike income tax relief a year early

UK deficit to reach lowest level in 20 years by 2023/24

clock • 2 min read

Chancellor Philip Hammond announced today (29 October) that the income tax personal allowance and higher rate threshold will be increased in April 2019, bringing forward the Conservative's 2017 manifesto by a year.

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

Partner Insight: Understanding the CLO opportunity

Partner Insight: Understanding the CLO opportunity

With little correlation to traditional fixed income assets, high-quality CLOs offer risk-remote access to attractive income

PGIM
clock 14 November 2025 • 2 min read
Stories of the week: Private assets, stablecoin regulation, and Saba Capital

Stories of the week: Private assets, stablecoin regulation, and Saba Capital

The biggest stories from the world of investment and asset management this week

clock 14 November 2025 • 1 min read
Hargreaves Lansdown's Kate Marshall: Long live the 60/40 portfolio

Hargreaves Lansdown's Kate Marshall: Long live the 60/40 portfolio

'A framework, not a formula'

Kate Marshall
clock 12 November 2025 • 3 min read
Trustpilot