PM and Chancellor unified in announcing ‘single biggest tax cut in a decade’
The pair said the tax cut will amount to £6 billion in value and lift ‘2.2 million people out of paying any National Insurance or income tax. Evening Standard,
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oris Johnson and Rishi Sunak have penned a joint article to outline what they are calling “the single biggest tax cut in a decade” in a show of unity on the cost-of-living crisis.
Writing in the Sun on Sunday, the Prime Minister and Chancellor said when the National Insurance threshold rises overnight this coming Wednesday from £9,880 to £12,570 it will save 30 million British workers up to £330 a year.
They added that the historic tax cut will amount to £6 billion in value and lift 2.2 million people out of paying “any National Insurance or income tax on their earnings at all”, with “around 70% of British workers” paying less National Insurance.
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