Asked by: Angela Eagle (Labour - Wallasey)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential impact of freezing of income tax thresholds on pensioners.
Answered by Nigel Huddleston - Shadow Secretary of State for Culture, Media and Sport
The Government is committed to ensuring that older people are able to live with the dignity and respect they deserve. The Personal Allowance has nearly doubled since 2010 and is currently set at a level high enough to ensure that those pensioners whose sole income is the full rate of the new State Pension or basic State Pension do not pay any income tax.
Asked by: Angela Eagle (Labour - Wallasey)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, when HMRC plans to respond to the correspondence from the hon. Member for Wallasey of 13 October 2023 on an identity theft matter relating to a tax rebate.
Answered by Nigel Huddleston - Shadow Secretary of State for Culture, Media and Sport
The correspondence was received in HM Revenue & Customs (HMRC) on 16th October 2023.
HMRC apologises for the delay. They replied on 23rd November 2023.
Asked by: Angela Eagle (Labour - Wallasey)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, when his Department plans to lay before Parliament legislative proposals relating to the consultation entitled Regulation of Buy-Now Pay Later: consultation on draft legislation.
Answered by Andrew Griffith - Shadow Secretary of State for Business and Trade
The Government’s consultation on proposed draft legislation to bring Buy-Now Pay-Later into regulation closed in April. The Government has been carefully considering stakeholder feedback to this consultation and intends to publish a consultation response in which it will set out next steps, in due course.
Asked by: Angela Eagle (Labour - Wallasey)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, when his Department plans to publish the outcome of the consultation entitled Regulation of Buy-Now Pay Later: consultation on draft legislation.
Answered by Andrew Griffith - Shadow Secretary of State for Business and Trade
The Government’s consultation on proposed draft legislation to bring Buy-Now Pay-Later into regulation closed in April. The Government has been carefully considering stakeholder feedback to this consultation and intends to publish a consultation response in which it will set out next steps, in due course.
Asked by: Angela Eagle (Labour - Wallasey)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment his Department has made of the effect of not uprating the threshold for the High Income Child Benefit Charge in line with inflation on families during the cost of living crisis.
Answered by John Glen
The Government knows that families across the UK are worried about the cost of living. This is why the Government has provided support to households for their energy bills through the £400 Energy Bill Support Scheme, the £150 Council Tax rebate (for households in Council Tax bands A, B, C and D), and the Energy Price Guarantee. The Energy Price Guarantee will be extended until April 2024, and is expected to save the typical household in Great Britain around £500 in 2023-24.
The Government considers that the HICBC threshold of £50,000 remains appropriate.
Nevertheless, on targeted support, in 2023-24, there will be an additional Cost of Living Payment of £900 for those on means-tested benefits, £300 for pensioner households, and £150 for individuals on disability benefits.
Asked by: Angela Eagle (Labour - Wallasey)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, for what reason his Department has decided not to uprate the threshold for the High Income Child Benefit Charge in line with inflation.
Answered by John Glen
The Government knows that families across the UK are worried about the cost of living. This is why the Government has provided support to households for their energy bills through the £400 Energy Bill Support Scheme, the £150 Council Tax rebate (for households in Council Tax bands A, B, C and D), and the Energy Price Guarantee. The Energy Price Guarantee will be extended until April 2024, and is expected to save the typical household in Great Britain around £500 in 2023-24.
The Government considers that the HICBC threshold of £50,000 remains appropriate.
Nevertheless, on targeted support, in 2023-24, there will be an additional Cost of Living Payment of £900 for those on means-tested benefits, £300 for pensioner households, and £150 for individuals on disability benefits.
Asked by: Angela Eagle (Labour - Wallasey)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether the Government plans to uprate the threshold for the High Income Child Benefit Charge in line with inflation.
Answered by John Glen
The Government is committed to managing the public finances in a disciplined and responsible way, by targeting support where it is most needed.
The Government considers that the HICBC threshold of £50,000 remains appropriate at the moment. Maintaining the threshold means that the Government supports the majority of families, whilst ensuring the fiscal position remains sustainable.
Nevertheless, the Government knows that families across the UK are worried about the cost of living. This is why the Government has provided support to households for their energy bills through the £400 Energy Bill Support Scheme, the £150 Council Tax rebate (for households in Council Tax bands A, B, C and D), and the Energy Price Guarantee. The Energy Price Guarantee will be extended until April 2024, and is expected to save the typical household in Great Britain around £500 in 2023-24.