As part of the Budget, the Chancellor has announced that from next year, the Income Tax threshold will be raised further, ensuring that no one pays any income tax on the first £9,200 they earn.

In Oxfordshire that means that 15,820 people will be lifted out of paying Income Tax all together and a further 263,300 will receive a £220 tax cut. This is on top of tax cuts of £200 last year and a further £130 next month.

The Chancellor has listened to Liberal Democrat calls for the Income Tax threshold to be raised further. When the Coalition came to power in 2010 the Personal Tax Allowance was £6,475.