Over the past few years we have had to take some difficult decisions on the economy to help support people and businesses through the pandemic and the rise in global energy prices. In your pay cheque last week you will have seen an extra £37.
Local residents often tell me that they feel that the tax burden is simply too high . I get it. I have been pushing every door and banging every drum and we are now in a position to change gears and cut taxes - putting more money in people's pockets . Inflation has been halved and the economy is recovering from the pandemic.
We are now able to cut taxes and our cut to National Insurance has come into effect.
What does this mean for me?
This cut will save the average salaried worker on £35,400 - £450 this year. An average full-time nurse will save £520, a typical junior doctor £750 and a teacher £630.
HMRC have set up a dedicated tool which you can use to estimate how the January 2024 tax cut will help you http://tinyurl.com/57923yy5