GOV.UK Lorem
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Additionally, the government will meet its manifesto commitment to increase the personal allowance to £12,500. Over the last Parliament, 2.4 million individuals in Scotland saw an average gain of £517, due to an increase to the personal allowance.
The Department for Exiting the European Union oversees negotiations to leave the EU and leads on establishing a new trade and economic relationship with the EU as part of the overall negotiation.
Fuel duty is frozen for the seventh successive year, which should save the average car driver in Northern Ireland £10 each time they fill their tank. The National Living Wage is increasing from £7.20 to £7.50.
Stripping out the effects of the Bank of England interventions, underlying debt peaks this year at 82.4% of GDP and falls thereafter to 77.7% by 2021-22.
That’s slower, of course, than we would wish, but still equivalent to the IMF’s forecast for Germany, and higher than the forecast for growth in many of our European neighbours, including France and Italy.
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