Personal Taxes

UK Mulls Freezing Private Revenue Tax Allowances: Telegraph

The UK Treasury Department is considering freezing the household tax break in next month’s budget, which could bring in up to £ 6 billion, the Telegraph reported, citing unidentified tax officials.

  • Officials can lower planned increases to both £ 12,500 and £ 50,000
  • The measure can be announced on March 3rd
  • A Treasury Department spokesman told the Telegraph that it will not comment on future tax policy outside of tax events

How to contact the reporter about this story:
Jessica Park in New York at jpark1065@bloomberg.net

To contact the editors responsible for this story:
Maria Jose Valero at mvalero3@bloomberg.net

Nathan Crooks

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