Speeches

Jack Lopresti – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Jack Lopresti on 2016-04-13.

To ask Mr Chancellor of the Exchequer, what fiscal steps he is taking to help people keep more of their earnings.

Harriett Baldwin

At Budget 2016 the Government increased the personal allowance to £11,500 and raised the higher rate threshold to £45,000 in 2017-18.

31 million people will pay less tax after these changes, with a typical basic rate taxpayer paying over £1,000 less income tax in 2017-18 than in 2010-11.