Part 1: Principal rates etc. Section 1: Income tax lock Details of the section
Subsection (1) sets out that the basic, higher and additional rates of income tax will not increase above 20%, 40% and 45% for the duration of this Parliament. This will apply to non-savings income in England, Wales and Northern Ireland and UK-wide savings income as expressed in Section 6(1) of the Income Tax Act 2007.
	Subsection (2) sets out the time period for which this section applies.