Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of reducing taxes for families.

The Government is committed to keeping taxes low to support individuals and families to keep more of what they earn.

This is why the Government has nearly doubled the income tax Personal Allowance since 2010 (30% higher in real terms), ensuring some of the lowest earners do not pay income tax. Thanks to the Personal Allowance, around 30% of individuals do not pay tax.

Furthermore, at the Autumn Statement, the Government announced a National Insurance contributions cut for 29 million working people by reducing the main NICs rate from 12% to 10%. This came into effect on 6 January and will result in a £450 annual tax cut for the average worker earning £35,400.

The Government keeps all tax policy under review and any decisions on future changes will be taken by the Chancellor in the context of wider public finances.