Nusrat Ghani, MP for Wealden, has welcomed a tax cut for 4,090 people in the South East, saving workers an average of £450 a year.
Having met their target to halve inflation, the Government are now able to cut taxes. From Saturday 6 January 2024, employee National Insurance contributions will be cut from 12% to 10%, delivering a tax cut of £450 for the average worker earning £35,000.
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. This tax cut is only possible because of the long-term, difficult decisions the Government took to get inflation falling and strengthen the economy.
Nusrat Ghani said: "The Prime Minister made a promise to people across the country that taxes would be cut when inflation was falling and that is what the Government is delivering. Across the South East, 4,090 people will have their taxes cut, which means that people get to keep more of their hard-earned money.”
