Alexander: tax changes will make work pay

The chief secretary to the Treasury said the increased personal allowance - which now stands at £9,440 - would help "people working hard on ordinary incomes". However, Labour's Ed Ball said the changes - which will also see the top rate of income tax fall from 50p to 45p in the pound for those earning more than £150,000 - was a "giveaway" for the rich, the BBC reports. Speaking on Radio 4 the shadow chancellor said working families could end up being £4,000 worse off, while millionaires get average tax cuts of £100,000. Alexander hit back, saying the coalition was working hard to help ...