Income Tax: Tax Allowances

(asked on 5th February 2024) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he plans to lift the freeze on personal tax allowance.


Answered by
Nigel Huddleston Portrait
Nigel Huddleston
Financial Secretary (HM Treasury)
This question was answered on 9th February 2024

The Government is committed to keeping taxes low to support people to keep more of what they earn. However, the Government must also ensure the UK’s economic stability and provide confidence in the commitment to fiscal discipline. The Chancellor has made clear that the UK’s public finances must be on a sustainable path into the medium term.

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