Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will make an estimate of the impact of freezing the personal allowance on the average amount of income tax paid in 2023-24.

This question was answered on 30th November 2023
The Government is committed to keeping taxes low to support working people to keep more of what they earn. However, the Government must also ensure the UK’s economic stability and provide confidence in the commitment to fiscal discipline. The Chancellor has made clear that the UK’s public finances must be on a sustainable path into the medium term.

Because of above inflation increases to thresholds since 2010, an average worker on £35,400 in 2023-24 will pay over £1,000 less in personal taxes than they otherwise would have done if thresholds had risen by inflation since 2010.