Quote: The Video Ref "Personal allowance to increase to £10,000 next year.
So £650 a year better off, or thereabouts?'"
No, you'll be 20% of £650 a year better off, or £130. But how much better off anyone will be depends on what you earn. He intends to lower the higher rate threshold to £41,865 so 40% taxpayers will only be £83 a year better off.
He's also tapering off the personal allowance for those on £100k at a rate of £1 for every £2 above £100k, so at £120k there'll be no personal allowance at all.
We've yet to see if he's dragging anything back in increased NI contributions