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This is only the first step in our commitment to raise the threshold so no one pays any tax on the first £10,000 they earn.
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The coalition was already committed to raising the threshold to £10,000, he said.
Hammond reiterates commitment to raise the top threshold to £50,000.
Labour now intends to hammer the Tories over their commitment to raise the inheritance tax threshold to £1m, benefiting only the very well off.
But Mr. Courson said that the Mortgage Bankers Association was pushing to raise the threshold to $150,000.
But if Mr Brown decides to raise the threshold for employees' NICs to match that for employers' contributions, he may be tempted to raise the upper earnings limit to pay for it.Besides reforming national insurance, Mr Brown has a manifesto commitment to honour: a starting rate of income tax of 10p in the pound.
The move effectively means abandoning the Conservatives' general election campaign pledge to raise the threshold to £1m.
Cameron has pledged to raise the threshold at which the 40% tax rate is paid from £41,900 to £50,000.
It's time to raise the threshold quantities that trigger charges and time to reduce the severity of penalties.
David Cameron suggested last week that his party might revive its abandoned pledge to raise the threshold to £1m.
Some landlords deliberately set the prices high in order to raise the threshold on which future increases are computed.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com