Matt Vickers
Main Page: Matt Vickers (Conservative - Stockton West)Department Debates - View all Matt Vickers's debates with the HM Treasury
Financial Statement
Matt Vickers Excerpts(2 years, 10 months ago)
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Rishi Sunak
With regards to the livelihoods of ordinary people, they have just received a £330 tax cut today and a discount on their fuel bill, with more tax cuts to come. This Government are on the side of hard-working British families.
Matt Vickers (Stockton South) (Con)
I want to ask about the national insurance threshold change—the one that Martin Lewis described as “the big one”. Can my right hon. tax-cutting Friend confirm that this will result in an actual tax cut for more than 30 million people—in fact, for anyone who earns less than £35,000?
Rishi Sunak
My hon. Friend and constituency neighbour is absolutely right, and I thank him for his support. This change will put £330 in the pockets of 30 million hard-working British families, including many in Stockton South, and it means that 70% of workers will be better off, even accounting for the new health and care levy.