A SH & BURN
Anti-smoking funding cut – and fewer kick deadly habit Budget: Phil’s free loans to beat payday sharks
CHANCELLOR Philip Hammond is to undercut payday lenders with no-interest loans for three million poor borrowers.
Plans to run the scheme with banks and debt charities will be unveiled in tomorrow’s Budget. Whitehall will give the organisations £2million to help them design no-cost repayment plans.
A similar scheme in Australia has enabled four in five borrowers to ditch loan sharks.
In a feelgood Budget to soften the nation’s mood pre-Brexit, Mr Hammond is expected to advance the £12,500 tax-free allowance set for 2020 to next April.
The £650 extra for all 30million taxpayers will be paid the instant Britain leaves the EU. Higher rate thresholds will rise to £50,000.
A 3.5 per cent beer duty rise is expected to be shelved and there will be no increase in fuel tax.
ALARM Police rush t o thesynagogue. Inset, ‘killer’ Bowers