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Clause 2 - Personal allowance for 2013-14 for those born after 5 April 1948

Part of Finance (No. 2) Bill – in a Public Bill Committee at 2:45 pm on 23rd April 2013.

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Photo of Stephen Williams Stephen Williams Liberal Democrat, Bristol West 2:45 pm, 23rd April 2013

What has not happened is the uprating of the allowance by the rate of inflation, which is about 3% at the moment. If the allowance had gone up by inflation, that is the amount of tax-free income that someone would have received. It is not £1,600.