Britain's government is considering cutting the tax-free allowance for dividend income, Bloomberg reported on Thursday, before a Nov. 17 budget.
The report, citing two officials familiar with the matter, added that finance minister Jeremy Hunt was looking at cutting the amount shareholders can earn in dividends before they begin paying tax from the current level of 2,000 pounds .
The newspaper added that Treasury officials are not planning any extra help for homeowners, despite soaring mortgage rates and predictions of steep house price falls.
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