The ‘tax lock commitment’ was promised by the Conservatives as part of its election manifesto.
In the 64th speech of Elizabeth II’s reign, the government also confirmed legislation to provide for an in-out referendum on the European Union by the end of 2017 would be introduced.
Meanwhile, the Queen said there will be increased provision of free childcare, which is expected to be for three and four year-olds to 30 hours a week.
Those on the minimum wage who work 30 hours per week will not pay any income tax under plans also to be introduced by the government, the Queen said.
Additionally, a housing bill will seek to extend the Right to Buy scheme by allowing housing association tenants to buy their own homes at same discounts as council tenants.
With a relatively small majority in the House of Commons, the constitutional bills planned by the Conservatives could face stern opposition.
The government repeated its aim of adopting a “one nation” approach, “helping people get on and supporting aspiration”.
The annual Queen’s Speech is part of the official State Opening of Parliament, setting out the government’s legislative plans.
Delievered in the House of Lords, it was observed on 27 May by Prime Minister David Cameron, Chancellor George Osborne, as well as members of the opposition and other peers.
