Andy Burnham considering new £15,570 HMRC personal tax-free allowance

Contributing sentiments towards policy:

58% : The green energy entrepreneur said: "If Labour wants to get the economy moving, it should put money into the pockets of people who will spend it.
57% : "We can pay for it by making the tax system fairer - starting with capital gains and the billions we currently hand to banks in interest.
53% : It could help fund raising the personal tax-free allowance threshold to £15,570, just below where it would have been had it not been frozen since 2021.
52% : The Prime Minister and Chancellor John Healey are understood to be reviewing proposals to raise CGT to as high as 45 per cent to increase the income tax personal allowance.
52% : The idea is laid out in a Budget submission from the Labour donor Dale Vince, warning that wealth is being "taxed more lightly than work". READ MORE Andy Burnham government confirms change to student loans after repayment row Equalising CGT with income tax would generate £14bn towards the giveaway, Mr Burnham has been told.
49% : " A Treasury spokesman said: "As has always been the case, decisions on tax are a matter for the Chancellor to set out at fiscal events, rather than routinely commenting on rumour, speculation or proposals."
48% : Andy Burnham is considering a £14bn capital gains raid to fund a tax break for the lowest earners.
44% : The Labour Party government is considering raising capital gains tax (CGT) to fund a handout for the lowest earners.

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