Income Tax: Tax Rates and Bands — Written Question

Question

Rachel Gilmour

Liberal Democrat — Tiverton and Minehead

To ask the Chancellor of the Exchequer, if she will make an estimate of the potential impact of freezing Income Tax thresholds until 2028 on the number of people who will begin paying (a) Income Tax and (b) the higher rate of Income Tax in each financial

Answer

James Murray

The information requested is published as part of the OBR’s Economic and Fiscal Outlook (EFO). The published table sets out the effects of the threshold freeze on taxpayers, by showing estimated numbers with and without indexation of the thresholds and th...

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