Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, whether he plans to increase the personal allowance during this Parliament.
The Government is committed to raising the income tax personal allowance from £10,600 to £12,500 by the end of this parliament. This is alongside our commitment to raise the higher rate threshold to £50,000. Over 30 million individuals will benefit from these changes.
Summer Budget 2015 confirmed that the personal allowance will increase to £11,000 in 2016-17, and £11,200 in 2017-18.