️<unk>️<unk>️<unk>️  Chancellor used this week's Budget to announce the first above-inflation increase in the threshold for the higher rate of tax.<unk> Chancellor used this week's Budget to announce the first above-inflation increase in the threshold for the higher rate of tax.<unk> George Osborne is expected to pledge to accelerate increases in the 40p income tax threshold if the Conservatives win the general election.<unk> George Osborne is expected to pledge to accelerate increases in the 40p income tax threshold if the Conservatives win the general election. Chancellor used this week's Budget to announce the first above-inflation increase in the threshold for the higher rate of tax, which has sucked in ever-more middle-class families, in seven years.<unk> Chancellor used this week's Budget to announce the first above-inflation increase in the threshold for the higher rate of tax, which has sucked in ever-more middle-class families, in seven years. <unk> <unk> <unk> <unk> ️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk> £100,000 have benefited from repeated increases in the 20p threshold, but not as much as the 26million basic-rate taxpayers. Those earning up to £100,000 have benefited from repeated increases in the 20p threshold, but not as much as the 26million basic-rate taxpayers. Osborne persuaded reluctant Liberal Democrat colleagues to agree that the higher-rate tax threshold should rise gradually from £41,865 this year to £43,300 in April 2017 as he sought to woo voters ahead of May's election.<unk> Osborne persuaded reluctant Liberal Democrat colleagues to agree that the higher-rate tax threshold should rise gradually from £41,865 this year to £43,300 in April 2017 as he sought to woo voters ahead of May's election. ️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️ £50,000 for higher-rate tax and £12,500 for the basic rate.<unk> £12,000 for higher-rate tax and £12,500 for the basic rate. IFS said yesterday that higher-rate taxpayers were feeling the pain from the Coalition's earlier decisions to cut the threshold for paying 40p and then increasing it by less than inflation.<unk> IFS said yesterday that higher-rate taxpayers were feeling the pain from the Coalition's earlier decisions to cut the threshold for paying 40p and then increasing it by less than inflation. The think-tank said the threshold would need to rise to £48,650 by 2017 to ensure that higher-rate taxpayers hadn't lost out since 2010. Robert Joyce, senior research economist at the IFS, said: 'Higher-rate taxpayers will be £535 worse off because the point at which you start paying 40p income tax has been reduced in real terms significantly over this Parliament.' ąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąąą
Chancellor detailed in Budget first above-inflation tax increase in 40p threshold. (Chancellor detailed in Budget first above-inflation tax increase in 40p threshold) Economists said decision to limit increases had left millions out of pocket.<unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk>