Written questions, answers and statements

Cost of Living: Families

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Question for Treasury

UIN 905455, tabled on 15 May 2018

Question

Victoria Prentis
Conservative
Banbury
Commons

To ask Mr Chancellor of the Exchequer, what steps the Government is taking to support families with the cost of living.

Answer

Elizabeth Truss
Conservative
South West Norfolk
Commons

Answered on

21 May 2018

The government is committed to helping families both earn more and keep more of what they earn. On 1st April 2018, the National Living Wage (NLW) increased by 4.4% to £7.83. This represents an annual pay rise of over £2,000 for a full-time worker since the NLW was introduced in April 2016. The Personal Allowance and Higher Rate Threshold also increased in line with CPI, to £11,850 and £46,350 respectively. These changes to income tax will help 31 million people and mean a typical basic rate taxpayer will pay £1,075 less income tax in 2018-19 then in 2010-11.

Answered by

Treasury
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