(10 years, 12 months ago)
Commons ChamberI am sorry; I have taken two interventions already.
We hear a lot from Labour about wages, but it is what ends up in people’s pay packets that really counts. When Labour left office, people on the minimum wage were paying a massive £35 a week in tax and national insurance. Since then, the minimum wage has gone up by £20 a week, but the national insurance bill for those people has gone down by £9 a week, with a further cut to come in April.
In my constituency, there are fewer people unemployed, and employers welcome the cut in national insurance contributions because it helps to create more jobs. Also, nearly 5,000 people there are now paying no tax at all. That is the way to help people who are finding life tough: more jobs and less tax.