Clarke in married tax break gaffe

clock

Cabinet minister Ken Clarke has backtracked after suggesting a tax break promised to married couples would not be implemented.

Clarke, a Minister without Portfolio, said he would not "count on" the Conservatives fulfilling their manifesto pledge to allow spouses to share their tax allowance before 2015, in an interview with the Telegraph. The pledge, made while the Tories were in opposition, could be worth as much as £150 a year to married couples. It would apply where one spouse stayed at home. Clarke said he had revised his opinion that Britain's economy would recover by 2013 or 2014, saying that a "long hard road" still lay ahead and years' more austerity might be needed. When asked whether this meant t...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax Planning

Advisers see higher client demand as tax changes and rumours cause confusion

Advisers see higher client demand as tax changes and rumours cause confusion

See opportunity to provide ‘much-needed’ clarity

Isabel Baxter
clock 23 April 2025 • 2 min read
HMRC to raise £110m per year by cutting IHT relief on AIM shares

HMRC to raise £110m per year by cutting IHT relief on AIM shares

Will make gifting a more attractive option to investors

Isabel Baxter
clock 22 April 2025 • 2 min read
Advisers worry about pension and IHT changes as clients feel impact

Advisers worry about pension and IHT changes as clients feel impact

Advice landscape has ‘fundamentally shifted’

Isabel Baxter
clock 20 March 2025 • 2 min read