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| Version 7 | Version 8 |
|---|---|
| Basic rate taxpayers to get £120 | Basic rate taxpayers to get £120 |
| (10 minutes later) | |
| Chancellor Alistair Darling has put up the personal tax allowance by £600 - meaning every basic rate taxpayer will pay £120 less tax this year. | Chancellor Alistair Darling has put up the personal tax allowance by £600 - meaning every basic rate taxpayer will pay £120 less tax this year. |
| Mr Darling, who said the package would cost £2.7bn, added that the 40p rate threshold would change so that higher earners' tax bills would be unchanged. | |
| The Commons announcement came as part of Mr Darling's package to help those hit by the axing of the 10p tax rate. | The Commons announcement came as part of Mr Darling's package to help those hit by the axing of the 10p tax rate. |
| Tory George Osborne accused Mr Darling of "cynicism" and "total incompetence". | |
| "Let no-one be fooled why you are making this statement today - not because you wanted to .... but because this divided, dithering and disintegrating government are panicking in the face of the Crewe and Nantwich by-election," the shadow chancellor said. | |
| Vince Cable, the Lib Dems' treasury spokesman said: "I hope this is not just another short-term gimmick." | |
| The tax allowance changes will take immediate effect. |