UK personal income allowance hiked

  • The personal allowance rises to 9,205 pounds, which Osborne says will put about 220 pounds in the pockets of millions.
  • He closed out on that note, ending the speech.
  • After the speech gilt issuance was cut to 167.7 billion vs 179.4 billion this year. Much lower than 175-180B expected
  • Gilts rallying on the news but cable has been frozen throughout the budget

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