To ask the Chancellor of the Exchequer, if he will make it his policy to raise the personal allowance threshold in the forthcoming Budget.
Answered on
21 February 2024
The Government is committed to keeping taxes low to support people to keep more of what they earn. However, the Government must also ensure the UK’s economic stability and provide confidence in the commitment to fiscal discipline. The Chancellor has made clear that the UK’s public finances must be on a sustainable path into the medium term.
As with all aspects of the tax system, the Government will keep the Personal Allowance under review and any decisions on future changes will be taken by the Chancellor in the context of the wider public finances.
Answered by
Treasury