Chancellor of the Exchequer Philip Hammond. Picture: Getty Images

Budget 2018: 15 key announcements from Philip Hammond at a glance

An earlier than expected increase in the income tax threshold and the higher rate threshold were the highlights of the Chancellor’s Budget.

Philip Hammond said the personal allowance, the income at which workers begin to pay tax, would increase to £12,500 from April, with the amount when the top rate of income tax is applied rising to £50,000 at the same time. They had been due to come into effect in April 2020.

Chancellor of the Exchequer Philip Hammond. Picture: Getty Images

1. BRITAIN-POLITICS

Chancellor of the Exchequer Philip Hammond. Picture: Getty Images
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