Andrew Bridgen welcomes increases in personal allowance since 2015 that have taken a further 1.74 million people out of income tax altogether.
Can the Minister confirm that this Government’s numerous increases to the personal allowance since 2015-16 have taken a further 1.74 million people out of income tax altogether?
Absolutely. Income inequality has been falling under this Government in real terms, and the national living wage will rise to £8.72 in April and to £10.50 by 2024. My hon. Friend rightly points out that our tax changes have made basic-rate taxpayers over £1,200 better off than in 2010. We have doubled the free childcare available to working parents of three and four-year-olds to 30 hours per week, saving them up to £5,000 per year per child.