Speeches

Julian Knight – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Julian Knight on 2016-03-22.

To ask Mr Chancellor of the Exchequer, what estimate he has made of the number of people in Solihull who will pay less income tax as a result of the increase in the personal allowance announced in Budget 2016.

Mr David Gauke

The £300 increase in the personal allowance announced at Budget 16 is estimated to have reduced income tax for 28.9 million income tax payers in 2017-18. Of these individuals, 2.4 million live in the West Midlands region, which includes the Parliamentary Constituency of Solihull.

These estimates are based on the 2013-14 Survey of Personal Incomes, projected to 2017-18 using economic assumptions consistent with the Office for Budget Responsibility’s March 2016 economic and fiscal outlook.

HM Treasury does not publish this information at constituency level.