Calculator
Use our simple interactive tool to see how the parties’ plans for benefits and taxes would impact household incomes over the next five years.
The Conservatives, Labour and the Liberal Democrats all have very different plans for taxes and benefits over the next five years. This tool allows you to analyse how their plans would affect households across the income distribution, and different types of families. All these numbers include manifesto policies as well as existing planned policy changes that the parties have not announced any deviation from (most notably three more years of tax threshold freezes).
This tool only analyses the distributional effects of changes to taxes and benefits on household income. Other planned tax changes, such as to fuel duties, are not modelled. But the column on the far right of the first chart includes the amount of income all the additional taxes, not otherwise modelled, take on average per household.
See the drop-down below for more information on precisely what is included in this analysis.
Click here to download the data.
Instructions
The first chart in this tool shows how planned tax and benefit reforms will affect incomes for each decile (tenth) of the income distribution. The second chart shows the same, but for different demographic groups instead.
Use the arrows to choose whether to show these results in cash terms (2024 prices) or as a percentage of current income.
Use the dropdown to choose which groups you want to compare. In the first chart, you can show results for different deciles (tenths) of the income distribution, across the whole population or depending on age or work status (some data points omitted due to low sample size). In the second chart, you can also compare other family types, age groups and regions.