Anti-smok­ing fund­ing cut – and fewer kick deadly habit Bud­get: Phil’s free loans to beat pay­day sharks

Sunday Mirror - - FRONT PAGE - BY NIGEL NEL­SON Po­lit­i­cal Ed­i­tor

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

CASH Ham­mond

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