Asked by: Mims Davies (Conservative - East Grinstead and Uckfield)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of freezing personal tax thresholds on people in the East Grinstead and Uckfield constituency who are in part-time work.
Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)
The government has published a Tax Information and Impact Note (TIIN) setting out the impact of maintaining income Tax and equivalent National Insurance contributions thresholds.
Asked by: Mims Davies (Conservative - East Grinstead and Uckfield)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of freezing personal tax thresholds on people in East Grinstead and Uckfield constituency in full-time work.
Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)
The government has published a Tax Information and Impact Note (TIIN) setting out the impact of maintaining income Tax and equivalent National Insurance contributions thresholds.
Asked by: Mims Davies (Conservative - East Grinstead and Uckfield)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of freezing personal tax thresholds on people in Sussex in part-time work.
Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)
The government has published a Tax Information and Impact Note (TIIN) setting out the impact of maintaining income Tax and equivalent National Insurance contributions thresholds.
Asked by: Mims Davies (Conservative - East Grinstead and Uckfield)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the proposed cap on cash ISA contributions for under-65s on in East Grinstead and Uckfield Constituency.
Answered by Lucy Rigby - Economic Secretary (HM Treasury)
This policy will affect those aged under 65 from April 2027, when the annual Cash ISA limit will be set at £12,000. It will not affect existing cash ISA savings.
A policy costing note for the package of measures introduced to support savers has been published alongside the Budget, including the changes to the ISA regime.
Following a technical consultation, new ISA regulations will be laid, and a Tax Impact and Information Note will be published.
The analysis used to produce the policy costing note is performed in aggregate and a breakdown by county or constituency is not available. However, HMRC regularly publish statistics on ISA subscriptions by region. Table 9.9 of HMRC’s annual savings statistics 2025 includes data for the South East.
Asked by: Mims Davies (Conservative - East Grinstead and Uckfield)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the proposed cap on cash ISA contributions for under-65s on in Sussex.
Answered by Lucy Rigby - Economic Secretary (HM Treasury)
This policy will affect those aged under 65 from April 2027, when the annual Cash ISA limit will be set at £12,000. It will not affect existing cash ISA savings.
A policy costing note for the package of measures introduced to support savers has been published alongside the Budget, including the changes to the ISA regime.
Following a technical consultation, new ISA regulations will be laid, and a Tax Impact and Information Note will be published.
The analysis used to produce the policy costing note is performed in aggregate and a breakdown by county or constituency is not available. However, HMRC regularly publish statistics on ISA subscriptions by region. Table 9.9 of HMRC’s annual savings statistics 2025 includes data for the South East.
Asked by: Mims Davies (Conservative - East Grinstead and Uckfield)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the proposed cap on cash ISA contributions for under-65s on disabled people.
Answered by Lucy Rigby - Economic Secretary (HM Treasury)
This policy will affect those aged under 65 from April 2027, but the overall ISA limit will remain at £20,000 for all savers when the annual Cash ISA limit is set at £12,000. It will not affect existing cash ISA savings.
A policy costing note for the package of measures introduced to support savers has been published alongside the Budget, including the changes to the ISA regime.
Following a technical consultation, new ISA regulations will be laid, and a Tax Impact and Information Note will be published.
In addition, HMRC regularly publishes statistics on ISA use online. The average Cash ISA subscription in 2022/23 was £5,296.
Based on available data on current ISA subscriptions from ISA managers, we expect that women make up around 52% of those likely affected by changes to the Cash ISA limit. Women account for 56% of all cash ISA subscribers as of 2022-23. Information on disability is not collected as part of savings statistics.
Asked by: Mims Davies (Conservative - East Grinstead and Uckfield)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the proposed cap on cash ISA contributions for under-65s on women.
Answered by Lucy Rigby - Economic Secretary (HM Treasury)
This policy will affect those aged under 65 from April 2027, but the overall ISA limit will remain at £20,000 for all savers when the annual Cash ISA limit is set at £12,000. It will not affect existing cash ISA savings.
A policy costing note for the package of measures introduced to support savers has been published alongside the Budget, including the changes to the ISA regime.
Following a technical consultation, new ISA regulations will be laid, and a Tax Impact and Information Note will be published.
In addition, HMRC regularly publishes statistics on ISA use online. The average Cash ISA subscription in 2022/23 was £5,296.
Based on available data on current ISA subscriptions from ISA managers, we expect that women make up around 52% of those likely affected by changes to the Cash ISA limit. Women account for 56% of all cash ISA subscribers as of 2022-23. Information on disability is not collected as part of savings statistics.
Asked by: Mims Davies (Conservative - East Grinstead and Uckfield)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of freezing personal tax thresholds on women in full-time work.
Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)
The government has published a Tax Information and Impact Note (TIIN) setting out the impact of maintaining income Tax and equivalent National Insurance contributions thresholds.
Asked by: Mims Davies (Conservative - East Grinstead and Uckfield)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of freezing personal tax thresholds on people in Sussex in full-time work.
Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)
The government has published a Tax Information and Impact Note (TIIN) setting out the impact of maintaining income Tax and equivalent National Insurance contributions thresholds.
Asked by: Mims Davies (Conservative - East Grinstead and Uckfield)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of proposed inheritance tax changes to family farms on (a) rural communities and (b) East Grinstead and Uckfield constituency.
Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)
The Government believes its reforms to agricultural property relief and business property relief from 6 April 2026 get the balance right between supporting farms and businesses, and fixing the public finances. The reforms reduce the inheritance tax advantages available to owners of agricultural and business assets, but still mean those assets will be taxed at a much lower effective rate than most other assets. Despite a tough fiscal context, the Government will maintain very significant levels of relief from inheritance tax beyond what is available to others and compared to the position before 1992. Where inheritance tax is due, those liable for a charge can pay any liability on the relevant assets over 10 annual instalments, interest-free.
Information from claims is not recorded to enable regional or national breakdowns of the number of estates expected to be affected. However, the Government has set out the reforms are expected to result in up to 520 estates claiming agricultural property relief, including those also claiming business property relief, paying more inheritance tax in 2026-27. Almost three-quarters of estates claiming agricultural property relief, including those that also claim for business property relief, will not pay any more tax as a result of the changes in 2026-27, based on the latest available data.
The reforms to agricultural property relief and business property relief are forecast to raise a combined £520 million in 2029-30. The independent Office for Budget Responsibility certified this costing at Autumn Budget 2024 and it does not expect the reforms to have a significant macroeconomic impact.