Threshold. And much. For our viewers, you about the threshold. And the much. For our viewers, you about the threshold. And the allowance. Much. For our viewers, you about the threshold. And the allowance. What l threshold. And the allowance. What is the difference . Personal allowance and then weve been talking about Tax Thresholds as well. ,. ,. Talking about Tax Thresholds as well. ,. ,. ,. ,. ,. ,. , well. The personal allowance is that first threshold. Well. The personal allowance is that first threshold. Everyone well. The personal allowance is that first threshold. Everyone who well. The personal allowance is that first threshold. Everyone who earns| first threshold. Everyone who earns a wage in the uk can earn 12500 and 70p and not pay a penny of income tax on that money. The problem for us is when inflation starts to push our wages up, us is when inflation starts to push ourwages up, and us is when inflation starts to push our wages up, and we are earning more than that, that w
In National Insurance, average households are still likely to be worse off at the end of this year than they were five years ago. The Institute For Fiscal Studies also says the budget did not tackle the long Term Economic choices and challenges the country is facing. It accused both the conservative and Labour Parties of a Conspiracy Of Silence in failing to address those challenges. Our chief economics correspondent, dharsini david, is here. Tell us more about what the Institute For Fiscal Studies as saying. In Institute For Fiscal Studies as sa in. ,. , Institute For Fiscal Studies as sa inc. ,. , saying. In the run up to budget, it is u to saying. In the run up to budget, it is up to treasury saying. In the run up to budget, it is up to treasury officials saying. In the run up to budget, it is up to treasury officials to saying. In the run up to budget, it is up to treasury officials to burn i is up to treasury officials to burn the midnight oil and get the details together and now
Vaping and smoking, but the Office For Budget Responsibility warns the government could find it hard to balance the books. Heres our business correspondent, emma simpson. Did you catch any ofjeremy s budget . It was a chance to turn around the fortunes of the Conservative Party. But was it enough . I think its good that the workers are going to get money back in their pockets. But then if you think about the Cost Of Living and how everything is going up, then maybe they could have given a little bit more back. Anything that cuts taxes, i wish he would have done something a bit more for savers, were in a position where were living off savings. I think theyre trying to do it in light of a General Election and probably not really thinking about what the benefit to the country is. The centrepiece of this budget was a £2 billion cut was a 2p in the pound cut to National Insurance, a tax paid by workers. So who are the winners and losers if you include all the changes to tax and thresholds