Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how many people will move into higher tax bands due to the freezing of income tax and National Insurance thresholds for three years; and estimate she has made of the revenue raised through these measures.
The number of people forecast to pay tax by marginal rate can be found in Table 3.19 in the OBR’s November 2025 Economic and fiscal outlook – detailed forecast tables: receipts, linked below:
The estimated revenue from maintaining the personal income tax and equivalent national insurance thresholds at current levels for a further three years until April 2031 can be found in Table 4.1, policy 46 in HMT’s Budget 2025 document, linked below: