Impact on household income from planned changes to income tax, national insurance contributions and benefits

Impact of planned changes compared to 2024-25 system

Conservatives

Lib dems

Current plans and Labour (no difference)

£1,000

500

0

-500

-1,000

-1,500

Income decile

1

2

3

4

5

6

7

8

9

10

Poorest

Richest

Conservatives

Current plans and Labour (no difference)

Lib dems

£1,000

500

0

-500

-1,000

-1,500

Income decile

Poorest

2nd

3rd

4th

5th

6th

7th

8th

9th

Richest

Guardian graphic. Source: IFS. Note: 2024-25 prices. Analysis does not include impact from several policies, including anti-tax avoidance and evasion measures, non-dom policies, Labour’s VAT on private schools and carried interest reforms