Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made of the distributional impact on household budgets of his decision to reduce the basic rate of Income Tax in his oral statement in the House of 23 September by equivalised household income vigintile.

Across both the changes to National Insurance contributions through the abolition of the Health and Social Care Levy and the reduction in the basic rate of income tax over 30 million people will see a tax cut. For example, someone earning £30,000 will pay £400 less tax next year.

Further information on the impact of the decision to abolish the Health and Social Care Levy can be found in the Tax Information and Impact Note accompanying the legislation: Reversal of the Health and Social Care Levy and in-year reductions for National Insurance contributions rates - GOV.UK (www.gov.uk).

A Tax Information and Impact Note will be published for the reduction in the basic rate of income tax when the legislation is introduced.