Income Tax

(asked on 2nd February 2026) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate her Department has made of the change in the number of people who will be tax payers as a result of the freezing of personal allowances between 2024 and 2029.


Answered by
Torsten Bell Portrait
Torsten Bell
Parliamentary Secretary (HM Treasury)
This question was answered on 5th February 2026

The number of people forecast to pay Income Tax by marginal rate can be found in Table 3.19 of the Office for Budget Responsibility’s November 2025 Economic and fiscal outlook – detailed forecast tables: receipts, linked below:

https://obr.uk/download/november-2025-economic-and-fiscal-outlook-detailed-forecast-tables-receipts/?tmstv=1764165511

The previous Government made the decision to maintain income tax thresholds at their current levels from April 2021 until April 2028.

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