Latest Issue

A fudged budget: the higher personal allowance, instigated by the Lib Dems, fails two key tests

This week’s budget contained few surprises. Least surprising of all was the announcement of a further rise in the income tax threshold for working-age people. From next April, the personal allowance rises to £9,205, generating a tax cut of £220 for all basic rate taxpayers earning more than the current allowance of £8,105. The Liberal Democrats have lobbied hard for this move as part of their “fairness” agenda, arguing that the higher…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to

More From Prospect