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14 March 2016

Public set out Budget priorities

Pay, pensions and petrol prices are the top concerns ahead of this week's Budget, research reveals.

As many as 72% of people want to see an increase to the amount they can earn before tax, according to credit checking company Noddle.

A further 43% want a cut or freeze to fuel duty, while 42% want no further changes to pensions.

Chancellor George Osborne is set to announce his upcoming Budget on Wednesday (March 16).

The survey of more than 1,000 people also reveals 74% want to see a greater enforcement of taxes on big businesses by the Government.

Danny Cox from investment group Hargreaves Lansdown expects Mr Osborne to continue with pledges to raise the amount people can receive in income before paying tax.  The personal allowance threshold  will be £11,000 from April 6, up from £10,600 at present. 

He also says there could be plenty of references in the Budget to clamping down on tax avoidance.

The Chancellor has already abandoned plans for a raid on pensions tax relief, which would have potentially made pensions more like ISAs.

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