Incoming UK Prime Minister Burnham is backing away from a proposed increase to the income tax personal allowance, according to reports from Financial Times and The i. Both outlets describe how Burnham, after exploring options before taking office on Monday, had considered raising the personal allowance to about £12,570. The proposal would have increased the amount of income taxed at lower rates or not taxed at all, affecting how much taxpayers pay. However, The i says Burnham has signalled uncertainty about whether any income tax cut will materialise, describing his position as wavering after earlier hints. Financial Times similarly reports that Burnham is stepping back from what it characterises as a costly increase to the allowance. The two accounts suggest the policy direction is not final and that fiscal cost and feasibility are central to the reassessment. At this stage, the reports indicate there is no confirmed commitment to raise the allowance, and decisions on the tax system are likely to be influenced by budget constraints following Burnham’s start in office.
Burnham retreats from planned rise in income tax personal allowance
Incoming UK Prime Minister Burnham is backing away from a proposed increase to the income tax personal allowance, according to reports from Financial Times and The i. Both outlets describe how Burnham...
- Burnham is the new UK Prime Minister and takes office on Monday.
- Before taking office, he explored raising the income tax personal allowance to about £12,570.
- Reports say Burnham is backing away from an increase described as costly.
- The i reports he has signalled uncertainty about whether an income tax cut will happen.
- No final decision on the personal allowance increase is announced in the coverage.
The new Prime Minister has wavered on hints he might raise the personal allowance
5 hours agoNew prime minister had explored raising £12,570 personal allowance before taking office on Monday
1 day ago
Holguin meets EU Cyprus envoys and von der Leyen in Brussels
UN Secretary-General Antonio Guterres’ personal envoy on the Cyprus problem, Maria Angela Holguin, meets in Brussels wit...
US and Iran Signal No Imminent Peace Talks as Attacks Expand
The United States and Iran indicate that peace talks are not imminent as hostilities continue to widen into a second wee...
Andy Burnham set to become UK prime minister Monday after King Charles invites him
Andy Burnham is set to become the United Kingdom’s prime minister on Monday, replacing Sir Keir Starmer. Multiple outlet...