THE CHANCELLOR has vowed to cut taxes for millions of hard-working Brits to deliver on the Tories election promises.
Rishi Sunak will today unveil his budget just 27 days into the job, with millions set to enjoy a tax cut.
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He made the promise at a Cabinet meeting this morning ahead of outlining Boris Johnson’s blueprint for Britain later today.
A No 10 spokesperson said: “The Chancellor also said that despite coronavirus being “front and centre in our minds”, the Budget will implement the manifesto on which the Government had been elected.
“He said it was vital that people know this is a Budget that delivers on the promises made to the British people – investing in public services and cutting taxes for millions of hardworking people – and that there could be no delay in laying the foundations for a decade of growth where opportunity was spread equally across the UK.”
This is expected to include 31 million Brits getting a tax cut worth an average of more than £100.
The Government may raise National Insurance Contributions (NICs) from £8,632 to £9,500, giving some much needed relief to millions.
It will cut the annual tax bill for the average full-time worker by £104 and by £78 for the average self-employed worker.
The tax giveaway was central to Boris Johnson’s election manifesto, and should now come up in his first bumper budget.
It was originally announced by Sajid Javid, who told the Sun it meant more money in the pockets of those earning it.
Speaking at the time, he said: “That means more than £100 extra staying where it should be – in the pockets of Sun readers. We’ll always be on the side of hard working people.”
