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| Budget 2015 live: 40 per cent tax threshold set to be cut for higher earners | Budget 2015 live: 40 per cent tax threshold set to be cut for higher earners |
| (about 1 hour later) | |
| George Osborne's Budget will cut the 40 per cent tax threshold for higher earners, it has been reported. | George Osborne's Budget will cut the 40 per cent tax threshold for higher earners, it has been reported. |
| The Conservative manifesto pledged to cut the tax by raising the threshold. It is currently paid by those on incomes of over £42,385. | |
| The Daily Telegraph says the threshold rise will save higher earners as much as £1,300 a year. | The Daily Telegraph says the threshold rise will save higher earners as much as £1,300 a year. |
| Please wait a moment while the liveblog loads. | Please wait a moment while the liveblog loads. |
| George Osborne had originally announced plans to raise the threshold by the end of the Parliament but appears to be bringing forward his policy. |