from your salary to help fund the state pension. from today, contributions in the basic tax band are being cut from 12% to 10%. the chancellor says everyone will take home a bit more cash. we ve already started cutting taxes and that s what s happening today. a 2% cut in national insurance, that is nearly £1000 for a typical family with two earners. and that is a very significant change, because it was right to put up taxes to pay back the debt from the help we gave families during covid and during the cost of living crisis, but now we have turned a corner, brought down inflation, the economy is doing better, we ought to bring down the tax burden and this 2% cut will make a very big difference to families up and down the country. the change means if you earn £35,000 a year, the average uk wage, you could save £37.38 a month. someone earning £50,000
the economy is doing better. we want to bring down the tax burden. and this 2% cut will make a very big difference to many families up and down the country. the change means if you earn £35,000 a year, the average uk wage, you could save £37.38 a month. someone earning £50,000 a year could be £62 a month better off. the treasury says two million people who are self employed will also benefit, but not until april. it plans to scrap the voluntary contributions they make on taxable earnings. it s also worth noting that any contributions in the higher tax band above £50,000 or so will remain at 2% for everyone. however, experts point out that the government has also frozen income tax thresholds until 2028, meaning more people are now paying tax. i don t want to look a gift horse in the mouth, but overall it s not going to make a very much difference because the amount of income tax that we re paying is going
the change means if you earn £35,000 a year, the average uk wage, you could save £37.38 a month. someone earning £50,000 a year could be £62 a month better off. the treasury says 2 million people who are self employed will also benefit, but not until april. it plans to scrap the voluntary contributions they make on taxable earnings. it s also worth noting that ni contributions in the higher tax band above £50,000 or so will remain at 2% for everyone. however, experts point out that the government has also frozen income tax thresholds until 2028, meaning more people are now paying tax. i don t want to look a gift horse in the mouth, but overall it s not going to make very much difference because the amount of income tax that we re paying is going
KOTA KINABALU (BERNAMA) – The Sabah police busted a drug trafficking syndicate with the arrest of three individuals and seizure of 50.25 kilogrammes (kg) of methamphetamine worth MYR3 million on September 7. Sabah Police Commissioner Datuk Jauteh Dikun said the three men from Sarawak, 27 to 38, were arrested at 12.40am in a vehicle near […]
bills or through general taxation to cover the cost of companies that are failed if they are nationalised. darren jones failed if they are nationalised. darrenjones mp, chair of the business and trade committee, thank you forjoining us here on breakfast. the time now is 7.38. let s turn our attention to sport. mike is at lord s ahead of the second day of the men s ashes second test. i was looking at your camera there, mike. the turf isjust i was looking at your camera there, mike. the turf is just beautiful. beautiful conditions. mike. the turf isjust beautiful. beautiful conditions. absolutely, . reener beautiful conditions. absolutely, greenerthan beautiful conditions. absolutely, greener than green. beautiful conditions. absolutely, greener than green. it beautiful conditions. absolutely, greener than green. it is - beautiful conditions. absolutely, l greener than green. it is beautiful. the rain really helping, making it look even greener this morning, not to work and by the