David Gauke: The Exchequer costs of increasing the personal allowance for taxpayers aged 65 and over in the year 2013-14 are estimated at £3 billion for an increase to £15,000 and £5 billion for an increase to £20,000. These estimates are based on the 2010-11 Survey of Personal Incomes, projected to 2013-14 using economic assumptions consistent with the Office for Budget...
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