Written Question·Treasury·UIN 5491
Income Tax: Tax Allowances
Tabled: 11 September 2024
Answered: 7 October 2024
Question
Alex Easton
Independent — North Down
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of raising the personal tax allowance to £15,000.
Answer
James MurrayThe previous government announced the Personal Allowance would be maintained at its current level of £12,570 until April 2028. The government must ensure the tax system supports strong public finances. Sound fiscal policy is key to economic stability and,...
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