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But we must constantly be alert to new threats to our tax base – and be willing to move swiftly to counter them.
By freezing fuel duty for the seventh year running, the UK government will help save the average driver in Wales up to £10 every time they fill up their car. The National Living Wage is increasing from £7.20 to £7.50.
Our full recommendations for April 2017 are set out in our 18th report, laid in Parliament today, and letter to the Secretary of State for Business, Energy and Industrial Strategy, found here.
Once £12,500 has been reached, the personal allowance will rise automatically during the 2020s in line with inflation, rather than the National Minimum Wage as currently planned.
We will abolish the tax advantages linked to Employee Shareholder Status in response to evidence it is primarily being used for tax-planning purposes by high-earning individuals;
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