Treasury written question – answered at on 13 November 2025.
Ann Davies
Plaid Cymru, Caerfyrddin
To ask the Chancellor of the exchequer, what recent assessment she has made of the impact of frozen personal tax thresholds on pensioners’ disposable incomes.
Torsten Bell
The Parliamentary Secretary, HM Treasury, The Parliamentary Under-Secretary of State for Work and Pensions
The previous government made the decision to freeze the income tax Personal Allowance at its current level of £12,570 until April
The previous government published a Tax Information and Impact Note (TIIN) setting out the impacts.
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The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.
