The Chancellor's Autumn Statement was a welcome step in the right direction, providing much-needed support to families and businesses during this challenging time. I was particularly pleased to see the focus on economic growth and job creation.
The Chancellor's announcement of a cut to National Insurance contributions is a positive move that will put more money back into the pockets of hard-working people. This will help to boost disposable incomes and stimulate consumer spending, which is essential for our economic recovery.
I also welcome the Chancellor's commitment to investing in public services, including the NHS and social care. This is vital to ensure that we can continue to provide high-quality care for all.
The Chancellor's Autumn Statement was a balanced and responsible package that will help us to get through these tough times and build a stronger economy for the future.
🔵Employee National Insurance Tax Cut from 12% to 10% - £450 tax cut for the average worker earning £35,400 a year
🔵National Insurance Tax Cut for the self-employed - a tax cut of £350 for the average self-employed person earning
£28,200 a year
🔵National Living Wage increased to £11.44 for workers aged 21 & over
🔵Confirming the pensions
Triple Lock - increasing the State Pension & Pension Credit by 8.5%
🔵Uprating working age benefits by 6.7%
🔵Back to Work Plan
🔵Alcohol Duty Frozen
🔵Raising Local Housing Allowance
🔵 Up to £1,000 off your energy bills for those nearest new electricity infrastructure
🔵Full Expensing: invest for less made permanent to help boost investment by £20 billion a year
🔵£14.5 billion investment in manufacturing
