Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to her Oral Statement of 30 October 2024 on Financial Statement and Budget Report, Official Report, column 821, whether it remains her policy not to extend the freeze on income tax thresholds.

The Government is committed to keeping taxes for working people as low as possible while ensuring fiscal responsibility. That is why, at our first Budget, we decided not to extend the freeze on personal tax thresholds.