Personal Income

(asked on 13th April 2016) - 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.


Answered by
Harriett Baldwin Portrait
Harriett Baldwin
This question was answered on 19th April 2016

At Budget 2016 the Government increased the personal allowance to £11,500 and raised the higher rate threshold to £45,000 in 2017-18.

31 million people will pay less tax after these changes, with a typical basic rate taxpayer paying over £1,000 less income tax in 2017-18 than in 2010-11.

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