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British Chancellor of the Exchequer Philip Hammond is now delivering his annual budget speech to the Parliament with key quotes, via Reuters, found below.

  • My idea of ending austerity does not mean putting up taxes.
  • Tax-free allowance for personal income tax will increase to 12,500 pounds in April 2020.
  • Higher rate threshold for income tax will increase to 50,000 pounds in April 2020.
  • Austerity is coming to an end but discipline will remain.