Disposable Income: Taxation
The question
To ask the Chancellor of the Exchequer, what assessment she has made of the impact of the level of taxes on the disposable incomes of working households.
Answered by Torsten Bell
The Office for National Statistics publishes the “Effects of taxes and benefits on UK household income” report which sets out the level of taxes paid and benefits received by household type and income group. This includes direct and indirect taxes, as well as benefits in cash and in kind, to show their combined effect on household income. The most recent data is from the financial year 2023–24.
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