Income Tax change hits the poorest workers

As I’m incorporating these changes into the modelling for the future benefits and tax system, its worth pointing out that the 2012 Income Tax personal allowance increase will be worth £2.42 a week to those earning £115,000 a year but £0.48p to the poorest workers as it reduces their Housing Benefit and Council Tax Benefit.

The committee stage is now under way and I’ll be putting up some points from it as it moves forward, soon.

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