George Osborne is planning a pre-election boost for hundreds of thousands of workers by announcing a further increase to the income tax personal allowance.
According to a report in the Sunday Times, the coalition government is close to finalising a deal that would take the allowance "towards £11,000" per year from April. The current income tax personal allowance for most people is £10,000 - up from £9,440 in 2013-2014 - and is set to rise to £10,600 next month. But Osborne is set to announce at Budget 2015 on 18 March that it will increase again by about £200, according to the report which cited a "senior government source". The newspaper said the final figure will be decided later this week at a meeting of the "quad" of senior cabine...
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