In a few lines… here’s how todays budget will help you
NI Insurance cut again – Meaning the average worker will be £900 a year better off from April.
Child benefit boost – Almost half a million families will be better off by nearly £1300 per household this year.
Increase NHS spending – £2.45 billion extra funding for more doctors and more nurses.
New Nuclear in Wales - supporting our transition to a greener and more sustainable future.
Creative industry tax relief - £1 billion in tax relief for orchestras, galleries, theatres & museums.
NHS technology boost - investing £3.4 billion now in technology to cut admin and speed up diagnosis.
British ISA – Allowing people to invest an additional £5000 per year, tax free.
Increase VAT threshold – Cutting taxes for small business.
Fuel duty frozen – we are on the side of drivers.
Alcohol duty freeze extended – Supporting our local bars and restaurants.
All leading to…
A stronger economy and reduced borrowing
Lower taxes, more money in your pocket
An affordable transition to domestic, sustainable energy
More opportunities for young people