Chancellor George Osborne said today that he will cut income tax in a year by increasing the personal allowance but he will implement an effective tax hike from then on.
Victims of the tax blunder which will see 1.4 million people asked to pay cash back to the taxman may qualify for increased benefits to soften the blow.
17 September 2010
Suggest a story
Got a money-related news story that affects you? Email us