Maria Caulfield, Member of Parliament for Lewes, has welcomed the Chancellor’s spring budget which has seen taxes cut for working families across the Lewes Constituency.
27 million working people from April will see the main rate of employee National Insurance Contributions (NICs) cut from ten per cent to eight per cent. Combined with the cut at the Autumn Statement, that is a tax cut of over £900 for the average worker earning £35,400 – giving the average earner the lowest effective personal tax rate since 1975.
The self-employed are also being supported by the cutting of the main rate of Class 4 NICs from nine per cent to six per cent. Combined with the tax cuts for the self-employed at the Autumn Statement, this is a tax cut of around £650 for an average self-employed person earning £28,000 a year.
Working families are also supported through changes to the High Income Child Benefit Charge by raising the threshold and halving the rate at which Child Benefit is withdrawn, benefiting some parents by an average of £1,260. By April 2026 the government will also end the unfairness for single earner families.
The government are also extending the fuel duty and alcohol duty freezes.
Commenting on the budget, Maria Caulfield MP said:
“Hard working families across the Lewes Constituency will be able to see the impact of this budget in their pay packets in April. This budget has shown that by sticking to the plan we can deliver lower taxes and better public services, which would be at risk if we go back to square one with Labour.”