Today the Chancellor set out the Government’s Growth Plan.
This bold new approach will spur economic growth by cutting taxes, removing barriers for business, and supporting families and industry with the cost of living.
Key measures announced today include:
💡 Lowering everyone’s energy bills by £1,400 through the Energy Price Guarantee and Energy Bill Support Scheme.
💷 Cutting the basic rate of Income Tax to 19p for 31 million people from April next year.
📈 Scrapping the planned 1.25% National Insurance rise – a tax cut worth £330 a year for 28 million people.
🏡 Boosting home ownership by cutting stamp duty – taking 200,000 more people out of paying it altogether.
💼 Freezing corporation tax at 19% - keeping our businesses competitive.
🏭 Launching new Investment Zones across the West Midlands.
You can find out more about what the Growth Plan means for you here.
