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Burnham Mulls Personal Tax Allowance Rise, Warns Billion-Pound Cost

7/22/2026

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Summary

Story summary

UK Prime Minister Andy Burnham said he will examine raising the £12,570 personal tax allowance.
He warned a £100 increase could cost over £1 billion and a 10 % rise could cost £11.7 billion.
The Labour government will scrap a 5 % energy-bill tax from October and cut the national bus-fare cap outside London to £2 in January.
Burnham and Chancellor John Healey pledged fiscal discipline at their first cabinet meeting.

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Story summary

UK Prime Minister Andy Burnham said he will examine raising the £12,570 personal tax allowance.
He warned a £100 increase could cost over £1 billion and a 10 % rise could cost £11.7 billion.
The Labour government will scrap a 5 % energy-bill tax from October and cut the national bus-fare cap outside London to £2 in January.
Burnham and Chancellor John Healey pledged fiscal discipline at their first cabinet meeting.