Incoming UK Prime Minister Andy Burnham signals he may raise the income tax personal allowance, which currently stands at £12,570. Multiple outlets report that Burnham’s comments suggest the threshold for paying income tax could increase, potentially benefiting people whose earnings are around or just above the current level. Reports also say Burnham hints that taxes on higher earners may rise as part of the plan. The articles frame the possible allowance change as tied to broader fiscal decisions, including borrowing and flexibility with existing fiscal rules, to help fund the policy. One outlet links the remarks to a wider agenda to support households facing pressures from the cost of living. The coverage also notes that Burnham is expected to take further steps in his role soon, including political and administrative changes after replacing his predecessor as Prime Minister. While the exact figure for any new allowance and the final funding mechanism are not confirmed in the reports, the sources broadly agree that Burnham is exploring an increase to the tax-free threshold and a potential trade-off involving the better-off.
Andy Burnham hints UK personal tax allowance could rise from £12,570
Incoming UK Prime Minister Andy Burnham signals he may raise the income tax personal allowance, which currently stands at £12,570. Multiple outlets report that Burnham’s comments suggest the threshold...
- Andy Burnham signals he may increase the UK income tax personal allowance from its current £12,570 level.
- The proposed change would affect people earning at or above the current threshold for paying income tax.
- Several reports say Burnham indicates taxes on higher earners could rise to help fund any allowance increase.
- Coverage links the possible policy to fiscal choices such as borrowing and flexibility with fiscal rules.
- Sources describe the move as intended to provide financial support amid cost-of-living pressures.
Andy Burnham selected his Cabinet after replacing Sir Keir Starmer as Prime Minister on Monday and made several pledges, including help for households struggling with the cost of living
10 hours agoNew Prime Minister suggests he will be 'flexible' with the fiscal rules to help pay for raising the personal allowance
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19 hours agoAndy Burnham is set to visit Buckingham Palace on Monday to officially take over as Prime Minister
20 hours agoIncoming Prime Minister faces pressure as support soars for income tax change
20 hours agoThe new Prime Minister has also hinted that taxes on the better off could go up
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