(2 weeks, 3 days ago)
Commons ChamberWhat we did in last week’s Budget was ensure that no one would face tax rises in their payslip. We had to deal with the £22 billion black hole, but when we did so, we protected the smallest businesses and charities. We doubled the employment allowance to £10,500, meaning that 40% of employers will not pay employer national insurance contributions. Companies with four employees or fewer on the minimum wage will pay no employer NICs at all, and half of businesses that pay NICs will see no change or pay less after the Budget.
My hon. Friend is a champion for the north-west, and the Budget secured investment for vital transport projects to transform connectivity across the north of England and drive economic growth. That includes completing the Wigan to Bolton electrification —a really important moment on Northern Powerhouse Rail. Over £5 billion has been allocated to support everyday journeys for working people. By restoring economic stability and increasing investment, we are taking our country forward.