Rachel has welcomed a tax cut worth £450 a year on average for hardworking people in Redditch and the Villages.
On Saturday (January 6th 2024), employee National Insurance contributions were cut from 12% to 10%.
The 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.
These tax cuts mean 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 Government took to get inflation falling and strengthen the economy.
Rachel said:
“As a tax cutting Conservative, I’m proud to have voted for a tax cut for thousands of my hardworking constituents.
“Our tax cuts mean people get to keep more of their hard-earned money, ensuring work always pays under a Conservative Government.
“That’s in stark contrast to the Labour Party who want to borrow an extra £28 billion – and they’ll pay for it by raising your taxes.”
