Hard-up couples expected to receive much-needed £2,500 windfall in emergency budget

Two million low income couples could be in for a £2,500 boost in Friday’s emergency Budget.

PM Liz Truss wants to allow the transfer of all personal tax allowances between married couples and civil partners where one earns below the £12,570 tax free threshold.

Now, a lower earner can “gift” £1,260 of allowance – saving £214 tax after adjustments. That could rise tenfold.