article_snippet: This would allow Mr Osborne to fund Mr Osborne commitment to raise the income tax threshold further to £12,500, and the 40p rate threshold to £50,000 by 2020.
article_snippet: The Chancellor says The Chancellor will raise £5billion in the next Parliament by cracking down on tax avoidance, including a new ‘Google tax’ to stop big multi-national firms shifting profits around in efforts to avoid paying tax in the UK.
article_snippet: Above this, a tax of 55 per cent applies.
highlights_snippet: Another hike in the income tax threshold to around £11,000, benefiting anyone earning up to £100,000 .
  
highlights_snippet: An increase in the annual levy on banks’ balance sheets, to raise £2.5billion a year .
  
highlights_snippet: A review of business rates to boost small businesses and high streets .
  
highlights_snippet: Measures to create a ‘northern powerhouse’, with high-speed rail links between northern cities .
  
highlights_snippet: An accelerated sale of tens of billions of pounds worth of mortgages and loans taken on by taxpayers during the financial crisis.