- Tom Randall MP has welcomed a tax cut for 2,090 people across the East Midlands thanks to the long-term decisions taken by the Conservative Government at the Autumn Statement for Growth.
- National Insurance Contributions for 27 million working people were cut from twelve per cent to ten per cent on Saturday 6th January, delivering a tax cut of £450 for the average worker earning £35,000.
- This means people will have more money in their pockets, helping to grow the economy and reward hard work.
Tom Randall MP has welcomed a tax cut for working people across Gedling and 2,090 people in the East Midlands, saving workers an average of £450 a year.
Having met their target to halve inflation, the Conservative Government are now able to cut taxes.
Employee National Insurance contributions were cut from twelve per cent to ten per cent on Saturday 6th January, delivering a tax cut of £450 for the average worker earning £35,000.
The Conservative Government will also cut National Insurance for the Self Employed, delivering a total average saving of £340 a year which will come into force later this year.
Saturday’s tax cut means a senior nurse with five years of experience will receive an annual gain of £600; a typical police officer will receive an annual gain of over £630; a typical junior doctor will receive an annual gain of over £750 and a hard-working family with two earners on the average income will be £900 better off a year.
This tax cut is only possible because of the long-term, difficult decisions the Conservative Government took to get inflation falling and strengthen the economy.
Commenting, Tom Randall MP said: “The Prime Minister made a promise to people across Gedling that taxes would be cut when inflation was falling and that is what this Conservative Government is now delivering.
“Workers in Gedling and 2,090 people across the East Midlands have now had their taxes cut, thanks to the Conservative Government’s long-term decisions for a stronger economy.
“This means people get to keep more of their hard-earned money, ensuring work always pays under a Conservative Government.”
Commenting, Chancellor of the Exchequer Jeremy Hunt MP said: “With inflation halved, we’ve turned a corner and are cutting taxes – starting with Saturday’s record cut to National Insurance worth nearly £1,000 for a household.
“From nurses and brickies, to cleaners and butchers, 27 million hard-working Brits will have a little more cash in their pockets.”
