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Last week Chancellor Jeremy Hunt revealed National Insurance would be reduced from 12% to 10% \u2013 worth \u00a310billion.<\/p>\n
This will save workers, on average, \u00a3450 a year.<\/p>\n
The PM told the Daily Express: \u201cHard work should pay. That\u2019s why the Chancellor just announced the biggest tax cuts at a fiscal event since the 1980s.<\/p>\n
\u201cWe will of course go further when we can.\u201d<\/p>\n
Mr Hunt said a temporary tax break allowing firms to cut their bills if they invest in new equipment would also be made permanent.<\/p>\n
READ MORE: <\/strong> Rishi Sunak blasted for \u2018ignoring\u2019 demands to cut EV \u2018pavement tax\u2019 rates\u00a0<\/strong><\/p>\n Despite the earnings bonus, millions of workers will face a squeeze on their finances with the tax burden still set to hit a record high.<\/p>\n Chief Secretary to the Treasury Laura Trott said: \u201cWe have set a direction of travel to grow the economy, to support businesses and to reward work.<\/p>\n \u201cAnd we want to bring that tax burden down over time in a responsible way.<\/p>\n \u201cIf you are on average income, because of the changes we\u2019ve made, your tax burden will have gone down quite significantly.<\/p>\n \u201cWe have turned a corner, we are going to bring taxes down but we\u2019re going to do it in a non-inflationary way.\u201d<\/p>\n Don’t miss… <\/strong> The Prime Minister and Business Secretary Kemi Badenoch will host more than 200 chief executives at the Global Investment Summit at Hampton Court Palace today.<\/p>\n Mr Sunak hailed the \u00a329billion cash injection in innovative sectors as making Britain a top destination for business, adding it is central to his growth plan.<\/p>\n It is expected to create thousands of new jobs in sectors such as tech, life sciences, renewables, housing and infrastructure.<\/p>\n The PM said: \u201cGlobal CEOs are right to back Britain \u2013 we are making this the best place in the world to invest and do business.\u201d<\/p>\n
Rishi Sunak blasted for being \u2018too weak and too vague’ on driverless car safety\u00a0[CARS ] <\/strong>
My dad removed translation services as Mayor so people learned English – Tory MP[UK] <\/strong>
Tory MPs tell Sunak ‘flights to Rwanda must take off’ or face election hell[POLITICS] <\/strong><\/p>\n\n