The income tax threshold will increase by by £1,000 in April, the Chancellor said today in his emergency Budget.
The FTSE is showing little reaction to Chancellor George Osborne's Emergency Budget, remaining 1.5% down from the morning.
Capital gains tax (CGT) will rise to 28% for higher earners from midnight tonight, but the rate for basic rate income tax payers will stay the same.
Chancellor George Osborne has raised VAT from 17.5% to 20% in his emergency Budget today.
Chancellor George Osborne has clamped down on the UK banking sector with a new tax on profits.
George Osborne has given British business a boost by introducing four annual reductions in the rate of corporation tax.
There will be a two-year pay freeze for public sector workers, Chancellor George Osborne said today.
Chancellor George Osborne today lowered the UK's economic growth forecast for the next five years.
Chancellor George Osborne is set to raise the personal income tax allowance by £1,000 to £6,475 in the Budget today, removing more than 850,000 people from paying income tax.
Deputy Prime Minister Nick Clegg believes the coalition needs to deliver a "difficult" budget today to ensure the UK can avoid the scenarios seen in Greece and Spain.