The UK government, led by Prime Minister Rishi Sunak and Chancellor Jeremy Hunt, has passed legislation to cut taxes, with average earners expected to save around £900 a year. This includes reductions in National Insurance payments and increases in pensions and child benefits. The Conservatives emphasize lower taxes and economic growth, contrasting with Labour's stance. The tax cuts aim to reward work, support families, and stimulate the economy.
Last year, the Government cut your National Insurance from 12% to 10% ✂️ Now, we’re cutting your National Insurance from 10% to 8% ✂️ That’s a £900 tax cut for people on average salaries ✂️ Find out what it means for you with our tax calculator 👇🏻 https://t.co/HUWAbSKgbx… https://t.co/9vi3Rwaali
We're taking the long-term decisions to grow our economy. That's why in the Budget the Chancellor announced an increase to the threshold at which parents start paying the High Income Child Benefit Charge, from £50,000 to £60,000. Making almost 500,000 families better off. https://t.co/OYH4wH8hZ1
We're making work pay & supporting hard workers. That's why last week in the Spring Budget the Chancellor @Jeremy_Hunt announced a further tax cut for employees, which coupled with the cut announced last year, will save the average earner £900 a year. https://t.co/r5GiP7hMPx
My Herald column this week is about the changes to child benefits which will help nearly half a million families save an average £1300 next year— hugely helpful for hardworking families who will have more money in their pockets at the end of each month. https://t.co/292rPyIdoJ
My Herald column this week is about the changes to child benefits which will help nearly half a million families save an average of £1300 next year— hugely helpful for hardworking families who will have more money in their pockets at the end of each month.…
Today's Finance Bill will cut taxes for parents & see almost half a million families gain an average of £1,260 towards the cost of raising children. And it ensures the UK remains a world leader in the industries of the future with £1bn of tax relief for the creative sector.
💸 The average employee earning £35,000 will save £785 a year thanks to National Insurance being cut by a further 2 percentage points in the spring Budget. Use our tool to find out how much you'll be saving ⬇️ https://t.co/YJ9jMpM22M https://t.co/eYhPJJstNg
NEWS: We're changing the law to cut tax for workers & parents. That's why yesterday the @HouseofCommons passed a bill that will save average earners £900 a year when coupled with last year's announced cuts.
Really pleased to vote in support of the Govt's National Insurance cut that will benefit millions of workers. We are honouring & maintaining the Triple Lock on pensions supporting pensioners & continuing to support people with the cost of living. Sound management of the economy. https://t.co/EIkRe1aXNp
In last week's Budget we raised the High Income Child Benefit Charge threshold to £60,000 so that around half-a-million families will be £1,260 better off. @Conservatives always put families first 👇🏻 https://t.co/46JlNJWcAs
✅ Conservatives believe in lower taxes 💷 After pandemic and energy cost challenges, cuts in National Insurance for 29 million people are part of our plan to reward work and grow the economy 🥀 Labour tonight failed to vote for these tax cuts 📺 My #Budget2024 debate comments https://t.co/Ae8lfi6dnp
Proud to have just voted for cuts in National Insurance payments from wages - making sure local people keep more of their hard-earned money https://t.co/SmglzaLuY0
Today Chancellor @Jeremy_Hunt answered questions about cuts to national insurance which will save the average employee on a £35,400 salary, £900 a year. Meanwhile we’re also putting pensions up by 8.5% next month & we’re spending billions more on the NHS. https://t.co/Uq7njSgLQo
"We need to make work pay which means ending the unfairness of taxing work twice.” Chancellor @Jeremy_Hunt responds to today's GDP statistics from the @ONS & sets out how tax cuts worth £900 a year to the average earner will help get people into work and grow the economy. https://t.co/UK0sV0Ccxj
The lowering of National Insurance is welcome. The Conservative Government must simplify the tax system and work to reduce the tax burden. https://t.co/RJZzhvLBj7
"Labour will put your taxes up, and the Conservatives will keep cutting them." PM Rishi Sunak speaks about legislation the government say will cut taxes by an “average of £900”. #PMQs https://t.co/ZTbv6x8cal 📺 Sky 501, Virgin 602, Freeview 233 and YouTube https://t.co/IkCNnbyhGy