Conservative MPs, including Mark Eastwood MP, have voted to cut taxes including national insurance today.
The change will put £330 extra back into the pockets of ordinary workers each year, worth £27.50 per month on the average pay packet.
The cut to national insurance comes into effect on 6th November;
These measures build on the Conservative Government’s further tax cuts – including cutting stamp duty permanently by doubling the nil-rate band to £250,000 (from £125,000), increasing the nil-rate band for first-time buyers to £425,000 (from £300,000) and increasing the value of the property which first-time buyers can claim relief to £625,000 from (£500,000).
This is in addition to reducing the basic rate of income tax by one per cent – delivering a tax cut for 31 million workers.