Poor to 'gain nothing' from personal allowance increase

The union's report, which looked at the impact of tax changes over the course of this parliament, found that by the time of the next election, low-paid workers will be losing up to four times more per year from the government's increase in VAT than they will gain from the raising of the personal tax allowance to £10,000. It showed that a household with an average weekly income of £195.92 - the lowest income band for working people - will gain £1.09 a week from the above inflation rises in the personal allowance by 2015. However, this same family will lose £4.26 a week through the increas...