With the promise to raise personal allowance again, more people will be removed from a group paying the bulk of the British income tax, and increase the overall income tax burden of the wealthiest in the country. Prime Minister Theresa May was preparing to raise personal allowance from the current £11,500. By 2020-21, the amount […]
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Is a Tax Increase a Certainty if the Conservatives Win the 2017 UK Election?
During talks with BBC’s Kamal Ahmed, Philip Hammond said that “All chancellors would prefer to have more flexibility in how they manage the economy and how they manage the overall tax burden”. The statement raised speculations, including the possibility of a tax increase should the party win in the 2017 general elections. This is a […]