Today’s statement from the Chancellor highlights how this Government is beating forecasts and improving standards across the UK - from economic growth, reducing debt, improving education standards, increasing home building, and delivering business support, to new investment, benefits and minimum wage uplifts, making planning systems more efficient, and introducing further measures to support people back into work.
I am particularly delighted by the announcements to support the workforce and ensure investment delivers, through cuts to National Insurance by 2% and make full expensing for businesses permanent - the largest business tax cut in British history. Full details of the Chancellor’s announcements are available here.
The Statement shows we continue to support households, invest in businesses and promote economic growth, while improving standards and supporting our communities.
I share the Chancellor’s thanks to everyone who has worked so hard to prepare and deliver these measures which ensure we can continue to deliver for residents across the UK.
