Income Tax: Tax Allowances
The question
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.
Answered by James Murray
The 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, ultimately, growth, which is vital to keeping taxes as low as possible whilst continuing to deliver excellent public services.
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