Standard of Living

(asked on 24th January 2022) - View Source

Question to the HM Treasury:

To ask Her Majesty's Government what recent assessment they have made of the impact of their taxation policy on living standards.


Answered by
Baroness Penn Portrait
Baroness Penn
Minister on Leave (Parliamentary Under Secretary of State)
This question was answered on 2nd February 2022

Treasury analysis published alongside Autumn Budget 21 shows that tax changes announced by this government are progressive, with high-income households on average paying most as a share of income. The analysis also shows that the lowest income households will on average receive more than £4 in public spending for every £1 paid in tax.

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