MIL OSI – Source: United Kingdom – Executive Government & Departments – UK PM sets out his vision for the country in a ‘one nation’ Queen’s Speech
The government will legislate to ensure that working 30 hours a week on the National Minimum Wage is and always will be tax free.
Ahead of the Queen’s Speech today (27 May 2015) Prime Minister David Cameron said:
Behind this Queen’s Speech is a clear vision for what our country can be. A country of security and opportunity for everyone, at every stage of life.
That is our ambition. To build a country where whoever you are and wherever you live you can have the chance of a good education, a decent job, a home of your own and the peace of mind that comes from being able to raise a family and enjoy a secure retirement.
A country that backs those who work hard and do the right thing.
This is the Queen’s Speech for working people from a ‘one nation’ government that will bring our country together.
We have a mandate from the British people, a clear manifesto and the instruction to deliver. And we will not waste a single moment in getting on with the task.
As part of our long-term plan to back working people and make work pay, the government is determined to reward work by letting people keep even more of the money they earn. The government has already committed to raising the income tax personal allowance to £12,500 by 2020. Today the government is going further in its actions to offer more security to working people by confirming that legislation will be brought forward to ensure that future increases to the Income Tax personal allowance reflect changes to the National Minimum Wage.
This will mean that people working 30 hours a week on the minimum wage will not pay any Income Tax.
Increases in the personal allowance during the course of this Parliament are expected to benefit around 30 million working people.
The government will also bring forward legislation for a 5 year tax lock which means there will be no Income Tax, VAT or National Insurance rises in this Parliament.