Thousands of workers across Milton Keynes are set to receive a tax cut from the Conservative Government when pay day arrives this week, in a move which has delighted local MP Ben Everitt.
Ben Everitt, the MP for Milton Keynes North, has been lobbying the Chancellor for tax cuts for working people and last year Jeremy Hunt announced cuts to National Insurance from January 2024.
On Saturday 6 January 2024, the main rate of National Insurance contributions was cut from twelve pence to ten pence and will first be seen by most people when they monthly pay slip arrives this week.
- A hard-working family with two earners on the average income will be £900 better off.
- A senior nurse with five years of experience will be better off by £600.
- The average police officer will be better off by over £630.
- A typical junior doctor will be better off by over £750.
- A typical self-employed plumber will be better off by over £410.
- The typical teacher will be better off by over £630.
The Government has also cut and simplified tax for two million of the self-employed, supporting the country’s entrepreneurs who grow the economy, and later this year, it will abolish an entire class of NICs and cut the rate of the NICs top rate from nine per cent to eight per cent for the self-employed – with an average total saving of around £350 for someone earning £28,000 a year.
Alongside this business taxes have been slashed permanently by £11 billion a year, the biggest business tax cut in modern British history, while Labour has refused to rule out tax rises if they were in power.
Ben Everitt, the MP for Milton Keynes North, said: "I'm absolutely delighted thousands of people across Milton Keynes are going to see the direct impact of our tax cuts on their pay slips this week.
"We've taken the tough decisions on the economy in the last couple of years to pay back for vital measures such as the Furlough scheme which kept people in jobs as businesses afloat during the pandemic, but thanks to those decisions we are now in a position to be able to cut taxes again."
