Recently, the UK government is set to announce the fiscal budget for the new financial year. It is reported that Prime Minister David Cameron is expected to announce that starting next April, one month before the UK general election, the personal income tax-free allowance will be increased to £10,500 or even £10,750.
Cameron has pledged to cut government public spending to support tax reductions and increase household income. He stated that returning the government's savings to voters could help fathers pay for their sons' sports coaches or help a mother celebrate her daughter's birthday out. Cameron indicated that if the Conservative Party wins the election, it will be committed to reducing taxes, stating that "with more money in their pockets, everyone will feel more secure."Investment involves risks, the above information is for reference only
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