Living Wage
(asked on 8th November 2024) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what estimate she has made of the the amount of increased taxation generated by the increase in the National Living Wage in 2025-26.
This question was answered on 13th November 2024
The latest forecasts for tax revenues were published alongside the Office for Budget Responsibility’s (OBR) October Economic and Fiscal Outlook. These forecasts are based on economic determinants, including wage growth and employment levels. Detailed tax receipts forecasts can be found here: Economic and fiscal outlook – October 2024 - Office for Budget Responsibility
The latest forecasts for tax revenues were published alongside the Office for Budget Responsibility’s (OBR) October Economic and Fiscal Outlook. These forecasts are based on economic determinants, including wage growth and employment levels. Detailed tax receipts forecasts can be found here: Economic and fiscal outlook – October 2024 - Office for Budget Responsibility