Fiscal Policy
(asked on 15th July 2015) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what fiscal steps he is taking to help people keep more of their earnings.
This question was answered on 21st July 2015
The government has committed to increasing the personal allowance to £12,500 and the higher rate threshold to £50,000 by the end of the parliament, enabling people to keep more of the money they earn by paying less income tax. 8 out of 10 working households will be better off as a result of changes announced at this Budget to the personal allowance, National Living Wage and welfare.