Tax cuts ahead for some

Telling voters that in future they could ‘take home more of their own money, David Cameron promised that the increase in the threshold at which people pay the 40% tax rate from £41,900 to £50,000 while the personal income tax allowance would be extended further by £2,000 to £12,500.

The promises to improve personal taxes come amidst calls from Conservative backbenchers to raise the 40% threshold.

Cameron also repeated plans to allow pensioners to pass on pensions without incurring death taxes and said that spending on the NHS would again be ringfenced report Harris & Co accountants Northampton #accountantsnorthampton