Working families across Worcester can look forward to having more money in their pockets – thanks to a range of new Government measures coming into effect.
32 million people are getting an income tax cut, including 46,423 people in Worcester, meaning people can keep more of what they earn, an average of £1,205 per year.
As well as cutting taxes for millions of people a year earlier than planned, fuel duty has been frozen for a ninth year in a row, saving those who use a car to travel to work and visit family thousands of pounds; this is an issue Robin has campaigned for and fought for consistently during his time in Westminster, ensuring that the people of Worcester keep more of their pay packets.
Increasing the full State Pension by 2.6 per cent this year, means that those in this bracket will get nearly £170 more a year, providing additional dignity and security to those in their retirement in Worcester and across the nation.
From the start of the new tax year on 6 April, the personal allowance and higher rate of income tax will increase. The personal tax allowance will increase to £12,500, an increase of £650 – and almost double what it was under Labour. This means a basic rate taxpayer will pay over £1,200 less income tax than they did in 2010, giving people more money in their pockets.
Reducing taxes for working families through increasing the income tax threshold has been one of Robin’s key priorities since he was a backbencher, and he has not only raised this issue several times in the chamber but has continued to voice his concerns in his Ministerial capacity with colleagues.
Our income tax cuts have taken 1.74 million of the lowest paid workers out of paying income tax altogether and taken 230,000 people out of the higher rate 40% tax bracket since 2015.
Worcester MP Robin Walker, said:
“The Conservatives have always been committed to keeping taxes down so people can keep more of their hard-earned money, and these measures are good news for 46,423 people in Worcester who will see their taxes cut.”
“We have once again cut income tax for workers and frozen fuel duty again, meaning a bit more money in people’s pockets at the end of the month. Our increase to the National Living Wage means millions of the lowest paid will receive a pay rise and people can also look forward to greater security in their retirement through increases to the state pension. We can only continue cutting taxes and increasing pay through our balanced approach to the economy.”
“As a backbencher, I campaigned for the tax threshold to be raised to the same level as someone working full time on the minimum wage as I believe it is always far better to remove tax from hard-working people in my constituency, so that they can keep the money they have earned for their needs, their homes and their families.”
“At the time I expected that threshold to be around £11,500 but since then the Government has increased both the National Minimum Wage and the tax threshold, and I am happy to say that the personal tax allowance has now risen to £12,500.”
Notes to Editors
For more information on the financial policies described in this press release please see:
For Robin’s previous press releases on the economy, please see:
For localised figures, please see:
|REGION||WORKERS RECEIVING NATIONAL LIVING WAGE||WORKERS RECEIVING NATIONAL MINIMUM WAGE||NUMBER OF PEOPLE TAKEN OUT OF INCOME TAX ALTOGETHER|
| West |
|PARLIAMENTARY CONSTITUENCY||NUMBER OF PEOPLE RECEIVING A TAX CUT|