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£18,000 Personal Tax Allowance Update as Treasury Issues Response

HM Treasury says raising the allowance to £18,000 would cost over £40 billion a year and benefit higher earners more on average.

Summary by Chronicle Live
The Treasury has issued a formal response to a petition calling for the UK personal tax allowance to be raised to £18,000 as the frozen £12,570 threshold hits millions of workers

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Swindon AdvertiserSwindon Advertiser
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HMRC £12,570 personal allowance rules explained for 2026 and what it means for you

Millions of UK workers and pensioners are paying more tax as the £12,570 personal allowance stays frozen. Here’s what it means for your income.

·Swindon, United Kingdom
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Swindon Advertiser broke the news in Swindon, United Kingdom on Tuesday, May 5, 2026.
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